Form 4: Corning Inc. Executive VP Jeffrey W. Evenson Reports Stock Transactions
SEC Form 4 Filing
Executive VP Jeffrey W. Evenson reports the acquisition and disposal of Corning Inc. common stock and restricted stock units.
Summary
- On August 8, 2024, Jeffrey W. Evenson, Executive VP & Chief Strategy Officer of Corning Inc., reported transactions involving the company's stock.
- Evenson acquired 3,283 shares of common stock and disposed of 2,591 shares at a price of $38.61.
- He also acquired 1,791 shares of common stock.
- Following these transactions, Evenson beneficially owns 2,483 shares of common stock directly.
- The transactions also involved the vesting of restricted stock units (RSUs) which convert into common stock.
- Evenson holds multiple tranches of RSUs vesting at different dates in the future.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard SEC filing reporting stock transactions. There is no inherent positive or negative implication.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and mandated by the SEC to ensure transparency and prevent insider trading.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of stock transactions (acquisition and disposal of shares and vesting of RSUs). |
| 08/12/2024 | Date of signature for the report. |
| 04/15/2025 | Date when 16,415 restricted stock units vest 100%. |
| 04/15/2026 | Date when 17,025 restricted stock units vest 100%. |
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