Form 4: Corning Inc. Executive Stefan Becker Reports Stock Transactions
SEC Form 4 Filing
Stefan Becker, SVP, Finance & Controller at Corning Inc., reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On August 8, 2024, Stefan Becker, SVP, Finance & Controller of Corning Inc., reported transactions involving common stock and restricted stock units.
- Becker acquired 2,109 shares of common stock and disposed of 1,675 shares at a price of $38.61.
- He also acquired 1,315 shares of common stock.
- Following these transactions, Becker beneficially owns 44,720 shares of Corning Inc. common stock.
- The report also details Becker's holdings of restricted stock units (RSUs) which vest on various dates in the future.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, and doesn't inherently indicate positive or negative sentiment. The transactions are relatively small in the context of the overall company and the executive's holdings.
Industry Context
Form 4 filings are a routine part of corporate governance, 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.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key company executive.
Key Dates
| Date | Description |
|---|---|
| February 8, 2023 | Date of grant for some restricted stock units (RSUs) that vest in installments. |
| August 8, 2024 | Date of the reported transactions involving common stock and restricted stock units. |
| August 12, 2024 | Date of signature for the report. |
| April 15, 2025 | Vesting date for 13,201 restricted stock units. |
| April 15, 2026 | Vesting date for 13,734 restricted stock units. |
| April 15, 2027 | Vesting date for 14,692 restricted stock units. |
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