Form 4: Corning Executive Stefan Becker Reports Stock Transactions
SEC Form 4
Stefan Becker, SVP, Finance & Controller at Corning Inc, reported the acquisition and disposal of common stock and stock options on October 30, 2024.
Summary
- On October 30, 2024, Stefan Becker, SVP, Finance & Controller at Corning Inc, reported transactions involving Corning's common stock and stock options.
- Becker acquired 8,844 shares of common stock at $33.92 and 4,225 shares at $19.65 through the exercise of stock options.
- He also disposed of 24,077 shares of common stock at a weighted average price of $48.625, with prices ranging from $48.55 to $48.925.
- Following these transactions, Becker beneficially owns 15,729 shares of common stock directly.
- He also holds 0 stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by an executive. There's no indication of positive or negative sentiment towards the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings are monitored by investors to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders as insider transactions are often scrutinized for insights into management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Date exercisable for stock options (Right to Buy) at $33.92 |
| 04/01/2029 | Expiration date for stock options (Right to Buy) at $33.92 |
| 05/15/2020 | Grant date of stock options, half of which vested early on December 2, 2020 |
| 12/02/2020 | Compensation Committee approved early vesting of one half of the stock options granted on May 15, 2020 |
| 05/15/2030 | Expiration date for stock options (Right to Buy) at $19.65 |
| 10/30/2024 | Date of earliest transaction: acquisition and disposal of common stock and stock options |
| 11/01/2024 | Date of signature by Melissa J. Gambol, Power of Attorney |
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