Corning (NYSE: GLW) CEO sells shares after major option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Chairman, CEO and President Wendell P. Weeks exercised stock options for 137,514 shares and immediately converted them into common stock at $27.00 per share. He then sold 137,514 common shares in open-market transactions at a weighted average price of $155.3721 per share, with individual trades between $154.45 and $157.17. After these moves and a bona fide gift of 16,694 shares, his direct common stock holdings stood at 733,891 shares. Additional indirect holdings include shares held by his spouse, for which he disclaims beneficial ownership, and units in a Corning stock fund through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 137,514 shares ($21,365,839)
Net Sell
7 txns
Insider
WEEKS WENDELL P
Role
Chairman, CEO and President
Sold
137,514 shs ($21.37M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 137,514 | $0.00 | -- |
| Exercise | Common Stock | 137,514 | $27.00 | $3.71M |
| Sale | Common Stock | 137,514 | $155.3721 | $21.37M |
| Gift | Common Stock | 16,694 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct);
Common Stock — 888,099 shares (Direct);
Common Stock — 9,200 shares (Indirect, Held by Spouse)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $154.45 to $157.17, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote. The reporting person disclaims beneficial ownership of all securities held by spouse. Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2026. The options vested 100% at the end of three years from grant date.
FAQ
What did Corning (GLW) CEO Wendell Weeks do in this Form 4 filing?
Wendell Weeks exercised stock options into 137,514 Corning shares, then sold 137,514 shares in open-market trades and made a bona fide gift of 16,694 shares, updating his direct and indirect ownership positions.
What retirement plan holdings of Corning (GLW) stock does the CEO report?
The CEO reports indirect ownership represented by units in a unitized Corning stock fund through the issuer’s 401(k) retirement plan, with the filing noting that these units reflect plan holdings as of January 31, 2026.