Corning (GLW) vice chairman receives 10,114 RSU award, holds multiple grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEVERSON LEWIS A reported acquisition or exercise transactions in this Form 4 filing.
Corning Incorporated vice chairman and executive Lewis A. Steverson received a grant of 10,114 restricted stock units (RSUs) on Common Stock on April 1, 2026. Each RSU represents a contingent right to receive one Corning share, with this new award vesting 100% on April 16, 2029, subject to provisions such as retirement, death, or disability in the grant agreement. In addition to this grant, he holds other RSU awards tied to 33,414, 26,077, and 31,109 underlying Common shares, as well as 3,461 shares of Common Stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
STEVERSON LEWIS A
Role
Vice Chairman, EVP and CLAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 10,114 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 10,114 shares (Direct);
Common Stock — 3,461 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. 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. 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. 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. 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
New RSU grant: 10,114 RSUs
Exercise price: $0.0000 per RSU
RSUs vesting 2029: 10,114 underlying shares
+4 more
7 metrics
New RSU grant
10,114 RSUs
Grant on April 1, 2026 to Lewis A. Steverson
Exercise price
$0.0000 per RSU
Restricted Stock Unit grant, contingent share rights
RSUs vesting 2029
10,114 underlying shares
New RSU award vests April 16, 2029
Existing RSU award
33,414 underlying shares
Direct RSU position with 100% vest on April 15, 2027
Existing RSU award
26,077 underlying shares
Direct RSU position with 100% vest on April 14, 2028
Existing RSU award
31,109 underlying shares
Direct RSU position with 100% vest on April 15, 2026
Direct common stock
3,461 shares
Common Stock held directly after reported transactions
Key Terms
Restricted Stock Unit, contingent right, vest 100%, retirement, death, disability
4 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."
vest 100% financial
"The restricted stock units (RSUs) vest 100% on April 16, 2029."
retirement, death, disability financial
"Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date."
FAQ
What did Corning (GLW) executive Lewis Steverson report in this Form 4?
Lewis A. Steverson reported receiving 10,114 restricted stock units (RSUs) linked to Corning common stock. The filing also lists his existing RSU awards and 3,461 directly held common shares, giving a clearer picture of his overall equity-based compensation position.
How many restricted stock units did Lewis Steverson receive from Corning (GLW)?
He received a grant of 10,114 restricted stock units. Each RSU represents a contingent right to one share of Corning common stock, adding to his existing RSU awards that cover 33,414, 26,077, and 31,109 underlying shares held as equity incentives.
When do Lewis Steverson’s new Corning (GLW) RSUs vest?
The newly granted RSUs vest 100% on April 16, 2029. The agreement states vesting can accelerate under certain conditions, including retirement, death, disability, or other events described in the RSU documents, which is typical for long-term executive compensation plans.
What other RSU holdings does Lewis Steverson have at Corning (GLW)?
Alongside the new 10,114 RSUs, he holds prior RSU awards tied to 33,414, 26,077, and 31,109 underlying Corning common shares. These awards have separate 100% vesting dates in 2026, 2027, and 2028, providing a staggered long-term incentive structure.
Does this Corning (GLW) Form 4 show any stock sales by Lewis Steverson?
No stock sales are shown; the filing reflects an RSU grant and updated holdings. It reports no buy or sell transactions in common stock, only equity awards and resulting positions, which is typical for compensation-related Form 4 disclosures without market trading activity.