Form 4: Corning Inc. Executive Lewis A. Steverson Reports Stock Transactions

Executive Vice President and CLAO of Corning Inc., Lewis A. Steverson, reports the vesting and disposal of restricted stock units and common stock transactions.

Summary

• On January 2, 2025, Lewis A. Steverson, EVP and CLAO of Corning Inc., reported transactions involving Corning's common stock.
• Steverson acquired 1,480 shares of common stock through the vesting of restricted stock units (RSUs).
• Simultaneously, Steverson disposed of 1,480 shares of common stock to cover tax obligations at a price of $46.71 per share.
• Following these transactions, Steverson directly owns 16,646 shares of Corning common stock.
• Steverson also holds 29,955 RSUs vesting on April 15, 2025, 31,109 RSUs vesting on April 15, 2026 and 33,414 RSUs vesting on April 15, 2027.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and does not convey any particularly positive or negative sentiment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like Corning.
• Similar filings are made by executives at companies such as Apple (AAPL), Samsung, and other major technology and manufacturing firms.
• The details disclosed, such as the number of shares, transaction price, and vesting schedules, are standard for Form 4 filings.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
• Employees holding RSUs may be interested in the vesting schedules and stock price.

Key Dates