Form 4: Corning Inc. Executive Michael Alan Bell Sells Shares Under 10b5-1 Trading Plan

Senior VP & GM, Optical Communications, Michael Alan Bell, sold 2,175 shares of Corning Inc. (GLW) common stock at an average price of $39.0245 on August 12, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 12, 2024, Michael Alan Bell, Senior VP & GM, Optical Communications at Corning Inc. (GLW), sold 2,175 shares of common stock.
• The sale was executed at a weighted average price of $39.0245 per share, with individual transactions ranging from $38.635 to $39.265.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on March 13, 2023.
• Following the transaction, Bell directly owns 0 shares of Corning Inc. common stock.
• Bell also indirectly owns 724.0138 shares through a unitized stock fund in the issuer's 401(k) retirement plan as of July 31, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. The transaction itself doesn't necessarily indicate positive or negative sentiment, as it was executed under a pre-arranged trading plan.

Industry Context

Executive stock sales are a common occurrence and are often planned in advance, especially when executed under 10b5-1 trading plans. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares sold and the pre-planned nature of the transaction.

Key Dates