Corning Inc. management check
GLW · Information Technology · Electronic Components · CEO Wendell P. Weeks
Filings as of
4 good · 3 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $279, against $250 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.94 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.6% of net income$25.8m of reported pay in fiscal 2025, against $1.6bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 7.3 years of payThe CEO holds 1,008,353 shares, directly or through trusts (unvested awards not counted): about 7.3 years of pay. 11 insiders sold $57.5m in the last six months and none bought.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.7% a year over the last three fiscal years. Stock-based pay was 1.8% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 yearsCEO in the pay table: Wendell P. Weeks. 5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 65 | 33 | |
| Pay for performance | 97 | 87 | |
| CEO cost | 33 | 35 | |
| Skin in the game | 58 | 47 | |
| Dilution | 41 | 56 | |
| Stable leadership | 100 | 85 | |
| Clean books | 100 | 100 |
Closest peers
Others in Electronic Components, by management score. Corning Inc. is 20th of 73 in its sector.
- 36APHAmphenol83
- 177GLWCorning Inc.71
- 178WDCWestern Digital70
- 186FICOFair Isaac70
- 195PEverpure69
- 371COHRCoherent Corp.56
Pay versus performance
From the proxy statement filed March 20, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Wendell P. Weeks | $25.8m | $61.6m | $8.7m | $279 | $250 | $1.6bn |
| 2024 | Wendell P. Weeks | $21.7m | $40.0m | $6.7m | $149 | $208 | $506.0m |
| 2023 | Wendell P. Weeks | $15.6m | $12.8m | $5.1m | $93 | $149 | $581.0m |
| 2022 | Wendell P. Weeks | $16.2m | $8.7m | $4.3m | $94 | $122 | $1.3bn |
| 2021 | Wendell P. Weeks | $20.8m | $27.1m | $6.4m | $106 | $152 | $1.9bn |
The board says pay is tied most to Core Net Sales. Its other key measures: Core Earnings Per Share, Adjusted Free Cash Flow, Return on Invested Capital (ROIC), Core Gross Margin, Core NPAT.
Insiders and the CEO's stake
Wendell P Weeks (Chairman, CEO and President) held 1,008,353 shares directly after their latest Form 4 on Jun 9, 2026, roughly $188.0m at that filing's price.
11 insiders sold $57.5m in the last six months and none bought.
- SoldWendell P WeeksChairman, CEO and President$18.6mJun 9, 2026
- SoldLewis A SteversonVice Chairman, EVP and CLAO$7.4mAug 28, 2026
- SoldJaymin AminSVP and Chief Tech. Officer$5.3mMay 22, 2026
- SoldJohn Z ZhangExec. Vice President & CCDO$4.8mMay 11, 2026
Leadership and governance on file
- Oct 8, 2025Leadership change8-K 5.02
- May 5, 2025Leadership change8-K 5.02
- May 1, 2025Leadership change8-K 5.02
- Oct 3, 2024Leadership change8-K 5.02
- May 6, 2024Leadership change8-K 5.02
- Oct 5, 2023Leadership change8-K 5.02
- Jun 21, 2023Leadership change8-K 5.02
- Dec 9, 2021Leadership change8-K 5.02
Latest shareholder vote results: May 4, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $823.0m returned to owners in buybacks and dividends, 14% of net income, and $1.1bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.1bn | $14.2bn | $12.6bn | $13.1bn | $15.6bn |
| Net income | $1.9bn | $1.3bn | $581.0m | $506.0m | $1.6bn |
| Stock-based pay | $190.0m | $175.0m | $218.0m | $273.0m | $286.0m |
| Buybacks | $274.0m | $221.0m | — | $165.0m | $163.0m |
| Dividends | — | — | — | — | — |
| Diluted shares | 844m | 857m | 859m | 869m | 871m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.