Form 4: Corning Inc. Executive Stefan Becker Reports Acquisition of Restricted Stock Units
SEC Form 4
Stefan Becker, SVP, Finance & Controller at Corning Inc., reports the acquisition of 13,505 restricted stock units (RSUs) on April 1, 2025.
Summary
- On April 3, 2025, a Form 4 filing was submitted to the SEC by Melissa J. Gambol, Power of Attorney, on behalf of Stefan Becker, SVP, Finance & Controller of Corning Inc.
- The report details a transaction on April 1, 2025, where Becker acquired 13,505 Restricted Stock Units (RSUs) of Corning Inc. common stock.
- Becker directly owns 17,122 shares of Corning Inc. common stock.
- He also holds various other RSUs that vest at different dates in the future.
- These include 4,220 RSUs vesting according to a schedule from February 8, 2023, 13,201 RSUs vesting on April 15, 2025, 13,734 RSUs vesting on April 15, 2026, 14,692 RSUs vesting on April 15, 2027, and the newly acquired 13,505 RSUs vesting on April 14, 2028.
- Vesting of RSUs may be accelerated under certain conditions such as retirement, death, or disability.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership.
Positives
- The acquisition of RSUs by a high-ranking executive could be interpreted as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The document outlines future vesting dates for various tranches of Restricted Stock Units held by Stefan Becker, indicating potential future equity ownership.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the beneficial ownership of Corning Inc. securities by a key executive.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 2023-02-08 | Date of grant for 4,220 RSUs, vesting 1/3 after 1 year and 1/6 every 6 months thereafter. |
| 2025-04-01 | Date of transaction: Acquisition of 13,505 Restricted Stock Units. |
| 2025-04-15 | Vesting date for 13,201 RSUs. |
| 2026-04-15 | Vesting date for 13,734 RSUs. |
| 2027-04-15 | Vesting date for 14,692 RSUs. |
| 2028-04-14 | Vesting date for 13,505 RSUs. |
| 2025-04-03 | Date of Form 4 Filing. |
Keywords
Restricted Stock Units, RSU, Form 4, Insider Trading, Stefan Becker, Corning Inc., GLW, Beneficial Ownership
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