Corning SVP & CHRO Sells Over 50% of Direct Stake for $1.5M
CORNING INC /NY
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Filing Summary
📊 Corning Inc ($GLW) Form 4 Alert Insider: Michelle L Gullo (Senior Vice President & CHRO) Action: Sold 9,874 shares of Common Stock at an average price of $152.29 Total Value: ~$1.50M Remaining Holdings: 9,384 shares (-51.3% decrease in direct holdings) Filing Date: September 8, 2026
Comprehensive Analysis
Insider Transaction Overview
On September 4, 2026, Michelle L. Gullo, Senior Vice President & Chief Human Resources Officer at Corning Inc ($GLW), executed an open-market sale of 9,874 shares of Common Stock at a volume-weighted average price of $152.2902 per share (ranging from $151.9935 to $152.55), realizing gross proceeds of approximately $1,503,713.43.
Impact on Ownership
- Pre-Transaction Holdings: ~19,258 shares
- Shares Sold: 9,874 shares
- Post-Transaction Holdings: 9,384 shares
- Ownership Change: Represents a reduction of approximately 51.3% of her direct common stock holdings.
Key Takeaways
- Significant Holding Reduction: The insider liquidated more than half of her directly held common equity position.
- No Rule 10b5-1 Indicator: The filing does not denote execution under a pre-scheduled Rule 10b5-1 trading plan (
aff10b5Oneis marked0). - Market Impact: While notable in percentage reduction, the total dollar value of $1.5M represents a small fraction of Corning's total market capitalization.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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