GLW.NYSECorning INC /NY

Form 4: Corning Inc. Executive Fang Li Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Corning Inc. executive Fang Li reports the vesting and disposal of restricted stock units (RSUs) settled in cash on February 10, 2025.

Summary

  • On February 10, 2025, Fang Li, SVP at Corning Inc., reported transactions involving Corning's common stock.
  • These transactions involved the vesting of 1,943 restricted stock units (RSUs) which are settled in cash.
  • The vested RSUs were then disposed of at a price of $53.05 per share.
  • Following these transactions, Mr. Li directly owns 0 shares of common stock and 3,888 derivative securities.
  • The RSUs were granted on February 8, 2023, and vest over three years.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Corning Inc. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it is a routine executive compensation matter.

Key Dates

DateDescription
February 8, 2023Date of grant for the cash-settled RSUs, vesting 1/3 after 1 year and 1/6 every 6 months thereafter until fully vested on the third anniversary.
February 10, 2025Date of the reported transaction: vesting and disposal of 1,943 cash-settled RSUs.
February 12, 2025Date of signature on the Form 4 filing.

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