Form 4: Corning Inc. Executive Receives Stock Awards
SEC Form 4 Filing
Lewis A. Steverson, EVP and CLAO of Corning Inc., reports the acquisition of 27,174 restricted stock units.
Summary
- On April 1, 2025, Lewis A. Steverson, an Executive Vice President and CLAO at Corning Inc., acquired 27,174 restricted stock units (RSUs).
- These RSUs represent a contingent right to receive one share of Corning Incorporated common stock each.
- Mr. Steverson directly owns 17,897 shares of Corning Inc. common stock.
- He also holds RSUs that will vest on April 15 of 2025, 2026 and 2027, and April 14, 2028.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard regulatory filing about executive compensation.
Positives
- The grant of restricted stock units to a top executive aligns their interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates compensation practices at Corning.
Stakeholder Impact
- The granting of RSUs aligns executive compensation with company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction: Lewis A. Steverson acquired 27,174 restricted stock units. |
| 04/15/2025 | Vesting date for 29,955 restricted stock units. |
| 04/15/2026 | Vesting date for 31,109 restricted stock units. |
| 04/15/2027 | Vesting date for 33,414 restricted stock units. |
| 04/14/2028 | Vesting date for 27,174 restricted stock units. |
| 04/03/2025 | Date of report filing. |
Keywords
restricted stock units, Form 4, GLW, Corning Inc., insider trading, executive compensation, Lewis A. Steverson
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.