4/A: Corning SVP Amends Filing for Tax Withholding Disclosure

Corning Incorporated's SVP, Jordana Daryl Kammerud, filed an amended Form 4 to correct an omission regarding shares withheld for tax obligations.

Summary

• Jordana Daryl Kammerud, Senior Vice President of Corning Inc. (GLW), filed an amended Form 4 on January 22, 2026.
• The amendment clarifies transactions that occurred on January 15, 2026, specifically disclosing shares withheld to satisfy tax obligations, which were inadvertently omitted from the original Form 4 filed on January 20, 2026.
• On January 15, 2026, 1,990 shares of common stock were disposed of at a price of $93.49 to cover the reporting person's tax withholding obligations.
• Following these reported transactions, the reporting person directly beneficially owns 32,772 shares of common stock.
• Several Restricted Stock Units (RSUs) and Performance Share Units (PSUs) were acquired through 'M' (conversion or exercise) transactions on January 15, 2026, with an exercise price of $0.
• Remaining Restricted Stock Units include 5,670 units vesting on April 15, 2026; 9,923 units vesting on April 15, 2027 (after a forfeiture of 5,204 units on January 15, 2026); and 3,804 units vesting on April 14, 2028 (after a forfeiture of 8,125 units on January 15, 2026).
• Remaining Performance Share Units include 6,435 units vesting on April 15, 2026, and 13,603 units vesting on April 15, 2027, both subject to service-based vesting requirements.

Sentiment

Score: 5

Explanation: Neutral. This is an administrative amendment to correct an omission in an insider trading report. It has no direct positive or negative implications for the company's operational or financial performance, but the correction itself is a positive for transparency.

Positives

• Increased transparency through the correction of previously omitted tax withholding details, reinforcing compliance with SEC reporting requirements.

Negatives

• The initial omission of tax withholding details required an amendment, indicating a minor administrative oversight in the original filing.
• Forfeiture of 5,204 and 8,125 restricted stock units on January 15, 2026, impacting the reporting person's derivative holdings.

Risks

• NA

Future Outlook

This filing is a historical transaction disclosure and does not contain forward-looking statements about the company's performance or outlook, beyond the specified vesting dates of equity awards.

Management Comments

• "This amendment is being submitted to disclose the shares withheld to satisfy tax obligations, which were inadvertently omitted from the Form 4 filed on January 20, 2026."

Industry Context

This filing is an individual insider transaction report, specific to an executive's equity compensation. It does not provide broader industry context or trends, but the use of equity awards like RSUs and PSUs is a common practice in the compensation structures of large, publicly traded companies.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) and Performance Share Units (PSUs) for executive compensation is a common practice in large, publicly traded companies like Corning, aligning executive incentives with shareholder value and long-term performance.
• The process of withholding shares to cover tax obligations upon the vesting or exercise of equity awards is a standard and legally compliant method for managing executive compensation across industries.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive equity holdings and compensation practices, ensuring accurate public disclosure.
• Management: The reporting person's equity holdings are adjusted, and the company's compliance with SEC reporting is reinforced through the amendment.

Next Steps

• Vesting of certain Restricted Stock Units on April 15, 2026.
• Vesting of certain Performance Share Units on April 15, 2026.
• Vesting of certain Restricted Stock Units on April 15, 2027.
• Vesting of certain Performance Share Units on April 15, 2027.
• Vesting of certain Restricted Stock Units on April 14, 2028.

Key Dates

Recommendation

This filing is an administrative amendment to correct an omission in an insider transaction report. It provides no new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions detailed are part of routine executive compensation and tax obligations. Therefore, a 'hold' recommendation is appropriate as there are no new fundamental drivers for a 'buy' or 'sell' decision based solely on this filing.

Keywords

Corning Inc, GLW, SEC Form 4/A, Insider Trading, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Performance Share Units, Tax Withholding, Corporate Governance