Form 4: Corning Inc. Executive Sells Shares
Statement of Changes in Beneficial Ownership
Corning Inc. SVP and General Counsel Michaune D. Tillman reported a disposition of 2,946 shares of common stock on May 4, 2026, for tax withholding purposes.
Summary
- Michaune D. Tillman, SVP and General Counsel of Corning Inc., reported a transaction on May 4, 2026.
- The transaction involved the disposition of 2,946 shares of common stock.
- These shares were withheld to satisfy the reporting person's tax withholding obligations upon the vesting of restricted stock.
- The transaction price was $159.96 per share.
- Following this transaction, Tillman beneficially owns 13,434 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine tax-related stock disposition by an executive rather than a strategic decision to buy or sell based on market outlook.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it pertains to a past transaction.
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for executives and directors, indicating changes in beneficial ownership. This specific filing details a common event related to equity compensation plans, where shares are sold to cover tax liabilities upon vesting.
Stakeholder Impact
- Shareholders: No direct impact on share price is expected from this routine tax-related transaction. It confirms the executive's ongoing compensation structure.
- Employees: This filing is related to executive compensation and does not directly impact general employee operations.
- Management: Confirms the standard practice of equity compensation and associated tax management for senior leadership.
Key Dates
| Date | Description |
|---|---|
| 05/04/2026 | Earliest transaction date and transaction date for stock disposition. |
| 05/05/2026 | Signature date. |
Keywords
Corning Inc., GLW, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Vesting, Beneficial Ownership
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