Form 4: Corning Inc. Executive Sells Shares and Exercises Stock Options
SEC Form 4 Filing
Michael Alan Bell, a retired Senior VP & GM of Optical Communications at Corning Inc., executed transactions involving company stock and options on January 30, 2025.
Summary
- On January 30, 2025, Michael Alan Bell, a retired Senior VP & GM of Optical Communications at Corning Inc., engaged in transactions involving Corning's common stock and stock options.
- Bell exercised stock options to acquire 1,284 shares of common stock at a price of $19.65 per share.
- Simultaneously, Bell sold 2,209 shares of common stock at a weighted average price of $49.8708 per share, with individual sales ranging from $49.69 to $50.075.
- Following these transactions, Bell directly owns no shares of common stock and indirectly owns 732.6607 shares through a unitized stock fund in the issuer's 401(k) retirement plan as of December 31, 2024.
- Bell also no longer holds any derivative securities (stock options).
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting routine transactions by a former executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2020-05-15 | Date of original stock option grant. |
| 2020-12-02 | Compensation Committee approved early vesting of one half of the stock options granted on May 15, 2020. |
| 2024-12-31 | Date of last unit count in the 401(k) plan. |
| 2025-01-30 | Date of stock option exercise and share sale. |
| 2025-01-31 | Date of Power of Attorney signature. |
| 2030-05-15 | Original expiration date of stock options. |
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