Form 4: Corning Inc. Senior VP & Controller, Stefan Becker, Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Stefan Becker, Senior VP & Controller of Corning Inc., reports the acquisition of 14,692 restricted stock units (RSUs) on April 1, 2024.
Summary
- On April 3, 2024, a Form 4 filing was submitted to the SEC by Linda E. Jolly, Power of Attorney, on behalf of Stefan Becker, Senior VP & Controller of Corning Inc.
- The report details a transaction on April 1, 2024, where Mr. Becker acquired 14,692 Restricted Stock Units (RSUs).
- These RSUs vest 100% on April 15, 2027.
- Mr. Becker also directly owns 33,434 shares of Corning Inc. common stock.
- The filing also lists previously granted RSUs with varying vesting schedules.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of insider transactions. It doesn't inherently indicate positive or negative performance for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- Shareholders can use this information to understand the alignment of interests between management and the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/08/2023 | Date of grant for some of the restricted stock units. |
| 04/01/2024 | Date of transaction: Acquisition of 14,692 Restricted Stock Units. |
| 04/03/2024 | Date of Form 4 Filing. |
| 04/15/2024 | Vesting date for 6,138 Restricted Stock Units. |
| 04/15/2025 | Vesting date for 13,201 Restricted Stock Units. |
| 04/15/2026 | Vesting date for 13,734 Restricted Stock Units. |
| 04/15/2027 | Vesting date for 14,692 Restricted Stock Units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.