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Lawrence D. Mcrae net worth and biography

Lawrence Mcrae Biography and Net Worth

Vice Chairman of Corning

Larry McRae is vice chairman and corporate development officer. In this role, he implements strategies related to Corning’s business portfolio, partner agreements, and mergers and acquisitions. He is also responsible for managing Government Affairs.

Previously, he served as executive vice president, Strategy and Corporate Development. In this position, he was responsible for developing strategic approaches for activities across Corning’s business units, from partner agreements to business-portfolio decisions.

McRae joined Corning in 1985 and has held a broad range of leadership positions in finance, sales, marketing, and general management across Corning’s businesses. In 1990, he was named manager, International Sales. In 1993, he became business director for Revere Ware Corporation, a unit of Corning Consumer Products Company. He was appointed vice president of Corning Consumer Products Company and president of Revere Ware Corporation in April 1995. He then moved to Telecommunications Products, where he served as division vice president, Global Development, from October 1996 to January 2000.

McRae joined Corporate Development in February 2000 and progressed through a series of senior leadership positions. McRae has led strategy and corporate development since 2010 and served on Corning’s management committee since 2002. He was named vice chairman in 2015.

Previously, McRae was a senior accountant with Price Waterhouse.

McRae holds a bachelor’s degree in accounting from Morgan State University and a master’s degree from Harvard University. He is on the board of directors for Hemlock Semiconductor Group, Corelle Brands, and Samsung Corning Advanced Glass, LLC.

What is Lawrence D. Mcrae's net worth?: The estimated net worth of Lawrence D. Mcrae is at least $10.18 million as of March 21st, 2024. Mr. Mcrae owns 215,254 shares of Corning stock worth more than $10,183,667 as of December 21st. This net worth approximation does not reflect any other assets that Mr. Mcrae may own. Learn More about Lawrence D. Mcrae's net worth.
How do I contact Lawrence D. Mcrae?: The corporate mailing address for Mr. Mcrae and other Corning executives is ONE RIVERFRONT PLAZA, CORNING NY, 14831. Corning can also be reached via phone at (607) 974-9000 and via email at [email protected]. Learn More on Lawrence D. Mcrae's contact information.
Has Lawrence D. Mcrae been buying or selling shares of Corning?: Lawrence D. Mcrae has not been actively trading shares of Corning during the past quarter. Most recently, Lawrence D. Mcrae sold 77,464 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $33.24, for a transaction totalling $2,574,903.36. Following the completion of the sale, the insider now directly owns 215,254 shares of the company's stock, valued at $7,155,042.96. Learn More on Lawrence D. Mcrae's trading history.
Who are Corning's active insiders?: Corning's insider roster includes John Bayne, Jr. (SVP), Stefan Becker (SVP), Michael Bell (VP), Cheryl Capps (SVP), Cheryl Capps (SVP), Martin Curran (VP), Jeffrey Evenson (VP), Li Fang (Insider), Roger Ferguson, Jr. (Director), Robert France (VP), Clark Kinlin (VP), Lawrence Mcrae (Vice Chairman), David Morse (VP), Anne Mullins (SVP), Eric Musser (COO), Edward Schlesinger (VP), Lewis Steverson (EVP), R. Tripeny (CFO), Wendell Weeks (Chairman & CEO), Wendell Weeks (CEO), and John Zhang (VP). Learn More on Corning's active insiders.
Are insiders buying or selling shares of Corning?: In the last year, insiders at the electronics maker sold shares 9 times. They sold a total of 284,747 shares worth more than $9,677,373.35. The most recent insider tranaction occured on November, 25th when SVP John P. Bayne, Jr. sold 8,876 shares worth more than $435,722.84. Insiders at Corning own 0.4% of the company. Learn More about insider trades at Corning.
Information on this page was last updated on 11/25/2024.

Lawrence D. Mcrae Insider Trading History at Corning

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/21/2024	Sell	77,464	$33.24	$2,574,903.36	215,254
12/21/2023	Sell	18,200	$30.15	$548,730.00	205,258
8/11/2021	Sell	37,537	$40.91	$1,535,638.67	184,664
3/12/2021	Sell	66,683	$40.15	$2,677,322.45	185,827
7/29/2020	Sell	28,994	$31.67	$918,239.98	169,128
12/19/2018	Sell	20,000	$30.68	$613,600.00	150,716
9/20/2018	Sell	30,667	$36.18	$1,109,532.06	146,049
12/21/2017	Sell	51,676	$32.42	$1,675,335.92	136,032
8/30/2017	Sell	48,125	$28.61	$1,376,856.25	136,079
2/16/2017	Sell	50,000	$27.58	$1,379,000.00	133,465
11/22/2016	Sell	32,300	$24.04	$776,492.00	145,202
7/28/2016	Sell	57,333	$22.26	$1,276,232.58	133,902
2/10/2016	Sell	34,000	$18.54	$630,360.00	94,754

Lawrence D. Mcrae Buying and Selling Activity at Corning

Corning Company Overview

Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses in the United States and internationally. The company's Display Technologies segment offers glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes that are used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, such as cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for the telecommunications industry, businesses, governments, and individuals. The company's Specialty Materials segment manufactures products that offer material formulations for glass, glass ceramics, crystals, precision metrology instruments, and software, as well as glass wafers and substrates, tinted sunglasses, and radiation shielding products for various markets comprising mobile consumer electronics, semiconductor equipment optics and consumables, aerospace and defense optics, radiation shielding products, sunglasses, and telecommunications components. Its Environmental Technologies segment provides ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products, including consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware, and glassware and equipment under the Corning, Pyrex, Falcon, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

Today's Range

Now: $47.31

$46.54

$47.31

50 Day Range

MA: $47.75

$45.76

$49.77

2 Week Range

Now: $47.31

$29.71

$51.03

Volume

11,288,612 shs

Average Volume

5,559,285 shs

Market Capitalization

$40.51 billion

P/E Ratio

278.29

Dividend Yield

2.41%

Beta

1.03

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