GLW Form 4: Director disposition of 31,506 shares and 411 RSU award
Rhea-AI Filing Summary
Kevin J. Martin, a director of Corning Incorporated (GLW), reported changes in beneficial ownership on a Form 4 covering transactions dated 09/30/2025. The filing shows a disposition of 31,506 shares of Corning common stock. The report also details existing and resulting holdings of restricted stock units (RSUs): 888, 1,544, and 51,047 underlying shares, and a grant of 411 RSUs on 09/30/2025 priced at $82.03 per share, with 19,455 shares reported as beneficially owned following the RSU acquisition line. RSUs are described as contingent rights to receive one share each, with conversion and distribution deferred until an elected date or termination of service.
Positive
- 411 RSU grant on 09/30/2025 under the Non-Employee Directors' Deferred Compensation Plan
- RSUs described as deferred, preserving alignment with shareholder interests through share-based compensation
Negative
- Disposition of 31,506 shares reported on 09/30/2025, reducing direct ownership
Insights
Director sold stock and received RSUs; holdings remain substantial.
The Form 4 shows a disposition of 31,506 shares by director Kevin J. Martin on 09/30/2025, recorded in the non-derivative section. This is an explicit sale/transfer reported on the filing and reduces direct share ownership by that amount.
The filing separately records multiple sets of RSUs totaling 53,479 underlying shares listed across lines (888, 1,544, 51,047) plus a grant of 411 RSUs on 09/30/2025. RSUs are described as contingent rights to receive one share each, with distribution deferred per plan rules.
New RSU grant recorded at $82.03 with deferred distribution terms.
The derivative section shows an RSU grant of 411 on 09/30/2025 with a listed price of $82.03. The explanation clarifies these RSUs are granted under the Non-Employee Directors' Deferred Compensation Plan and convert to common stock when distribution conditions are met.
The filing documents both awards and the mechanics: conversion is deferred until an elected date or upon termination of service, consistent with director deferred-compensation arrangements disclosed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 411 | $82.03 | $34K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. Conversion of restricted stock units to the Company's common stock and distribution of such stock is deferred until a specific date as elected by the participant or termination of service as a Corning director. Represents annual equity retainer in the form of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Corning Incorporated common stock. Represents restricted stock units (RSUs) granted under the Non-Employee Directors' Deferred Compensation Plan. Each RSU represents a contingent right to receive one share of Corning Incorporated common stock. Conversion of restricted stock units to the Company's common stock and distribution of such stock under the Non-Employee Directors' Deferred Compensation Plan is deferred until a specific date as elected by the participant or termination of service as a Corning director.
