Form 4: Corning Inc. Executive Vice President Steverson Lewis A. Reports Sale of Common Stock
SEC Form 4 Filing
Executive Vice President and CLAO of Corning Inc., Steverson Lewis A., reports the sale of 29,978 shares of common stock at an average price of $33.0457 on May 1, 2024.
Summary
- On May 1, 2024, Steverson Lewis A., an Executive Vice President and CLAO at Corning Inc., sold 29,978 shares of Corning's common stock.
- The sale was executed at a weighted average price of $33.0457 per share.
- Following the transaction, Steverson Lewis A. directly owns 31,294 shares of Corning Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an 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 corporate governance, providing transparency into the transactions of company insiders. This filing indicates the actions of a high-ranking executive at Corning Inc.
Stakeholder Impact
- The sale of shares by an executive could be perceived differently by stakeholders; some might see it as a lack of confidence, while others might view it as a personal financial decision.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Steverson Lewis A. sold 29,978 shares of Corning Inc. common stock. |
| 05/02/2024 | Date of signature: Linda E. Jolly, Power of Attorney, signed the Form 4 on behalf of Steverson Lewis A. |
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