Form 4: Corning Inc. Executive Jaymin Amin Reports Stock Transactions
SEC Form 4 Filing
Jaymin Amin, SVP and Chief Technology Officer of Corning Inc., reports the acquisition and disposal of common stock and derivative securities, including performance share units and restricted stock units, on April 15, 2025.
Summary
- On April 15, 2025, Jaymin Amin, SVP and Chief Technology Officer of Corning Inc., reported transactions involving Corning's common stock and derivative securities.
- These transactions included the acquisition of 20,763, 6,367, and 7,552 shares of common stock through the vesting of performance share units and restricted stock units.
- Amin also disposed of 16,892 shares of common stock at a price of $41.78.
- Following these transactions, Amin directly owns 107,430 shares of common stock and indirectly owns 2,565.8905 shares through a unitized stock fund in the issuer's 401(k) retirement plan.
- The report also details holdings of performance share units and restricted stock units with varying vesting schedules.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market regarding the buying and selling activities of company executives.
Stakeholder Impact
- Shareholders are informed about insider transactions, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/08/2023 | Date of grant for some restricted stock units (RSUs) that vest over three years. |
| 03/31/2025 | Date for unitized stock fund balance in 401(k) plan. |
| 04/15/2025 | Date of the reported transactions, including acquisition and disposal of shares and vesting of PSUs and RSUs. |
| 04/15/2026 | Date when some earned PSUs vest and convert to common stock. |
| 04/15/2027 | Date when some earned PSUs and RSUs vest and convert to common stock. |
| 04/14/2028 | Date when some RSUs vest. |
| 04/17/2025 | Date of the report filing. |
Keywords
Corning Inc., Jaymin Amin, stock transactions, Form 4, performance share units, restricted stock units, beneficial ownership, GLW
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