Verkleeren Ronald L 4
4 · CORNING INC /NY · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Ronald Verkleeren Exercises RSUs
What Happened
Ronald L. Verkleeren, Senior VP of the Emerging Innovations Group at Corning (GLW), converted 2,476 restricted stock units (RSUs) into common shares on February 9, 2026. As part of the vesting/settlement, 893 shares were withheld to satisfy tax withholding obligations, valued at approximately $131.39 per share (≈ $117,331). The conversion entries show $0 per-share exercise price, consistent with an RSU-to-share conversion rather than a paid stock option exercise.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (reporting period 2026-02-09).
- Conversion/exercise (code M): 2,476 RSUs converted to shares @ $0.00.
- Tax withholding (code F): 893 shares withheld/disposed @ $131.39 = $117,331 to cover tax liability.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 clarifies each RSU equals a contingent right to one share; F2–F5 describe vesting schedules for various RSU grants (including 100% vesting dates in 2026–2028 and a 2023 grant with staged vesting).
- No indication in the filing that this was a late report.
Context
This was a conversion/settlement of RSUs with a portion of shares surrendered for tax withholding — a routine administrative action rather than an open-market sale or purchase. RSU conversions commonly show $0 exercise price because they represent previously granted compensation converting into shares; withholding to cover taxes is standard practice and does not necessarily signal insider sentiment about the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-09+2,476→ 34,976 total - Tax Payment
Common Stock
2026-02-09$131.39/sh−893$117,331→ 34,083 total - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2026-02-09−2,476→ 0 total→ Common Stock (2,476 underlying)
- 14,332
Restricted Stock Unit
[F1][F2]→ Common Stock (14,332 underlying) - 15,333
Restricted Stock Unit
[F1][F3]→ Common Stock (15,333 underlying) - 11,612
Restricted Stock Unit
[F1][F4]→ Common Stock (11,612 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [F3]The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [F4]The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [F5]The restricted stock units (RSUs) granted on February 8, 2023 vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.