Form 4: Corning Director Stephanie Burns Reports Changes in Beneficial Ownership

Stephanie Burns, a director at Corning Inc., filed a Form 4 detailing changes in her beneficial ownership of company stock and restricted stock units.

Summary

• On April 1, 2025, Stephanie Burns, a director of Corning Incorporated, filed a Form 4 with the SEC.
• The filing reports changes in her beneficial ownership of Corning's common stock and restricted stock units (RSUs).
• Burns directly owns 56,888 shares of Corning common stock.
• She also indirectly owns 107 shares through a trust.
• She holds various restricted stock units, including 1,045 RSUs, 1,817 RSUs, and 51,047 RSUs, all convertible to common stock at a future date.
• On March 31, 2025, Burns acquired 840 restricted stock units at a price of $45.78 under the Non-Employee Directors' Deferred Compensation Plan.
• Following the reported transactions, she beneficially owns 24,666 derivative securities.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The conversion of restricted stock units to common stock is deferred until a specific date elected by the participant or termination of service as a Corning director.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the director's holdings, which can be of interest to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• It can influence investor perception of the company based on insider trading activity.

Key Dates

Keywords

Form 4, Beneficial Ownership, Corning, Stephanie Burns, Restricted Stock Units, GLW, Director