Form 4: Corning Inc. Executive Ronald L Verkleeren Reports Stock Transactions
SEC Form 4 Filing
Ronald L Verkleeren, SVP of Emerging Innovations Group at Corning Inc., reports the disposition and acquisition of common stock and derivative securities.
Summary
- On February 10, 2025, Ronald L Verkleeren, SVP of Emerging Innovations Group at Corning Inc., reported transactions involving Corning's common stock and restricted stock units (RSUs).
- Verkleeren disposed of 893 shares of common stock at a price of $53.05 per share.
- He also acquired 2,475 shares of common stock related to the vesting of restricted stock units.
- Following these transactions, Verkleeren directly owns 56,678 shares of Corning common stock.
- He also holds derivative securities in the form of RSUs, including 14,439 RSUs vesting on April 15, 2025, 15,021 RSUs vesting on April 15, 2026, and 16,070 RSUs vesting on April 15, 2027.
- 2,475 RSUs were converted to common stock on February 10, 2025, leaving a balance of 4,952 RSUs from a grant on February 8, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect the company's overall performance or future prospects but offers insight into individual executive's actions.
Key Dates
| Date | Description |
|---|---|
| 02/08/2023 | Date of grant for 2,475 Restricted Stock Units (RSUs) that vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date. |
| 02/10/2025 | Date of the reported transactions: disposition of common stock and acquisition of shares through RSU vesting. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
| 04/15/2025 | Vesting date for 14,439 Restricted Stock Units (RSUs). |
| 04/15/2026 | Vesting date for 15,021 Restricted Stock Units (RSUs). |
| 04/15/2027 | Vesting date for 16,070 Restricted Stock Units (RSUs). |
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