Corning COO granted 9,692 restricted stock units
Nelson Avery H III reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Nelson Avery H III reported acquisition or exercise transactions in this Form 4 filing.
Corning Executive Vice President & COO Avery H. Nelson III received a grant of 9,692 restricted stock units on April 1, 2026. Each restricted stock unit represents a contingent right to receive one share of Corning common stock. These RSUs vest 100% on April 16, 2029, subject to earlier vesting under certain events described in the award agreement. After this grant, Nelson also reports direct holdings of common stock and additional RSU awards, along with indirect common stock held through a unitized stock fund in the company’s 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 9,692 shares
Grant/Award
6 txns
Insider
Nelson Avery H III
Role
Executive Vice President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 9,692 | $0.00 | $0.00 |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 72,341 contracts for 62,649 underlying shares (Direct);
Common Stock — 59,788 shares (Direct);
Common Stock — 3,847.9383 shares (Indirect, Trustee u/Employee Benefit Plan)
Footnotes (6)
- F1. Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026.
- F2. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- 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) 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.
- F6. The restricted stock units (RSUs) vest 100% on April 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
Key Figures
RSU grant size: 9,692 units
RSU vesting date: April 16, 2029
RSUs series 1: 21,442 underlying shares
+4 more
7 metrics
RSU grant size
9,692 units
Restricted stock units granted April 1, 2026
RSU vesting date
April 16, 2029
Vesting schedule for 9,692 RSUs
RSUs series 1
21,442 underlying shares
Restricted stock units outstanding, direct
RSUs series 2
23,369 underlying shares
Restricted stock units outstanding, direct
RSUs series 3
17,838 underlying shares
Restricted stock units outstanding, direct
Direct common stock
59,788 shares
Direct ownership of Corning common stock
Indirect common stock
3,847.9383 shares
Units in a unitized stock fund in 401(k) plan
Key Terms
Restricted Stock Unit, contingent right, unitized stock fund, 401(k) retirement plan, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock."
unitized stock fund financial
"Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026."
401(k) retirement plan financial
"Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026."
vest 100% financial
"The restricted stock units (RSUs) vest 100% on April 16, 2029."
FAQ
What did Corning (GLW) executive Avery H. Nelson III report on this Form 4?
Avery H. Nelson III reported receiving 9,692 restricted stock units as equity compensation. Each unit represents a contingent right to one share of Corning common stock, adding to his existing direct and indirect share and RSU holdings disclosed in the same filing.
How many restricted stock units did Corning (GLW) grant to Avery H. Nelson III?
Corning granted 9,692 restricted stock units to Avery H. Nelson III. These RSUs are a form of stock-based compensation that, once vested, can convert into an equal number of Corning common shares, aligning the executive’s interests with long-term shareholder performance.
When do Avery H. Nelson III’s new Corning (GLW) RSUs vest?
The newly granted 9,692 restricted stock units vest 100% on April 16, 2029. The footnotes note vesting can occur earlier in specific situations such as retirement, death, disability, or other events described in the governing award agreement.
What does each restricted stock unit represent in Corning (GLW)’s Form 4 filing?
Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. The units do not provide immediate ownership but can convert into shares upon vesting, making them a common tool for long-term executive compensation.
What other Corning (GLW) equity holdings does Avery H. Nelson III report?
In addition to the new RSU grant, Nelson reports other RSU awards covering tens of thousands of underlying shares and direct common stock holdings. He also has indirect common stock exposure through units in a unitized stock fund within Corning’s 401(k) retirement plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
