Form 4: Retired Corning Director Richard T. Clark Reports Stock Transactions

Richard T. Clark, a retired director of Corning Inc., reported the conversion of restricted stock units into common stock on November 1, 2024, resulting in adjustments to his beneficial ownership.

Summary

• On November 1, 2024, Richard T. Clark, a retired director of Corning Inc., engaged in transactions involving restricted stock units (RSUs).
• Clark converted 1,264 RSUs into common stock, increasing his direct holdings to 43,226 shares.
• He also converted 210 RSUs into common stock, further increasing his direct holdings to 43,436 shares.
• Additionally, Clark converted 11,624 RSUs into common stock, bringing his direct holdings to 55,060 shares.
• These transactions were executed at a price of $0 per share, as they involved the conversion of RSUs.
• Following these transactions, Clark directly owns 55,060 shares of Corning Inc. common stock and 32,078 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of individuals with access to non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely negligible.

Key Dates