Form 4: Corning Inc. Executive John P. Bayne JR. Reports Stock Transactions
SEC Form 4 Filing
Retired Senior Vice President John P. Bayne JR. of Corning Inc. reports the acquisition and disposal of company stock and stock options.
Summary
- On August 13, 2024, John P. Bayne JR., a Retired Senior Vice President of Corning Inc., executed multiple transactions involving Corning's common stock.
- Bayne exercised stock options to acquire 3,307 shares at $22.68 and 3,583 shares at $20.93.
- He also disposed of 6,890 shares at $40.
- On August 15, 2024, Bayne disposed of 10,000 shares at $40.
- Following these transactions, Bayne directly owns 1,042 shares and indirectly owns 15,658 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions by an insider; it doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/31/2018 | Date stock options were exercisable |
| 04/30/2018 | Date stock options were exercisable |
| 03/31/2025 | Expiration date of stock options |
| 04/30/2025 | Expiration date of stock options |
| 08/13/2024 | Date of stock and derivative securities transactions |
| 08/15/2024 | Date of stock disposal |
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