Form 4: Corning Inc. Executive Avery H. Nelson III Reports Stock Transactions
SEC Form 4 Filing
SVP & GM Avery H. Nelson III reports acquisition and disposal of Corning Inc. stock and restricted stock units.
Summary
- On February 10, 2025, Avery H. Nelson III, SVP & GM of Automotive, Life Sciences, and Solar at Corning Inc., reported transactions involving Corning's common stock and restricted stock units (RSUs).
- Nelson acquired 2,475 shares of common stock through the vesting of restricted stock units.
- He also disposed of 893 shares to cover tax obligations at a price of $53.05 per share.
- Following these transactions, Nelson directly owns 62,131 shares of Corning common stock.
- Nelson also indirectly owns 3,771.6315 shares through a unitized stock fund in the company's 401(k) retirement plan as of January 31, 2025.
- He also holds various restricted stock units that vest on April 15 of 2025, 2026 and 2027.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 31, 2025 | Date of unitized stock fund ownership in 401(k) plan. |
| February 8, 2023 | Date of grant for some restricted stock units. |
| February 10, 2025 | Date of reported stock transactions. |
| February 12, 2025 | Date of signature on the report. |
| April 15, 2025 | Vesting date for 13,777 restricted stock units. |
| April 15, 2026 | Vesting date for 17,838 restricted stock units. |
| April 15, 2027 | Vesting date for 21,442 restricted stock units. |
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