Corning director granted 303 RSUs as equity retainer
Corning Inc. director Stephanie Burns received a grant of 303 restricted stock units on Corning common stock as compensation.
Rhea-AI Filing Summary
Corning Inc. director Stephanie Burns received a grant of 303 restricted stock units on Corning common stock as compensation. The award, recorded at $135.97 per unit, is part of her annual equity retainer and represents a contingent right to receive the same number of common shares.
The conversion of these restricted stock units into common stock, and the distribution of those shares, is deferred until a specific date elected by Burns or until her service as a Corning director ends. After this grant, she holds 56,888 shares of common stock directly, 107 shares indirectly through a trust, and several deferred restricted stock unit balances tied to Corning common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 303 shares
Grant/Award
6 txns
Insider
BURNS STEPHANIE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 303 | $135.97 | $41K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 82,323 contracts for 55,715 underlying shares (Direct);
Common Stock — 56,888 shares (Direct);
Common Stock — 107 shares (Indirect, By Trust)
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
Key Figures
RSU grant: 303 restricted stock units
RSU grant value: $135.97 per unit
Direct common stock holdings: 56,888 shares
+5 more
8 metrics
RSU grant
303 restricted stock units
Grant to Stephanie Burns on 2026-03-31
RSU grant value
$135.97 per unit
Recorded price per restricted stock unit on grant
Direct common stock holdings
56,888 shares
Direct Corning common stock held after transactions
Indirect common stock holdings
107 shares
Common stock held indirectly by trust
Deferred RSUs block 1
1,045 underlying shares
Restricted stock units with underlying Corning common stock
Deferred RSUs block 2
1,817 underlying shares
Restricted stock units with underlying Corning common stock
Deferred RSUs block 3
52,853 underlying shares
Restricted stock units with underlying Corning common stock
RSU-to-share ratio
1 RSU : 1 share
Each restricted stock unit equals one Corning common share
Key Terms
Restricted Stock Unit, annual equity retainer, Non-Employee Directors' Deferred Compensation Plan, contingent right, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
annual equity retainer financial
"Represents annual equity retainer in the form of restricted stock units"
Non-Employee Directors' Deferred Compensation Plan financial
"Represents restricted stock units (RSUs) granted under the Non-Employee Directors' Deferred Compensation Plan"
contingent right financial
"Each RSU represents a contingent right to receive one share of Corning Incorporated common stock"
indirect ownership financial
"Common Stock ... 107.0000 ... nature_of_ownership: By Trust"
FAQ
What did Corning (GLW) director Stephanie Burns report in this Form 4?
Stephanie Burns reported receiving a grant of 303 restricted stock units linked to Corning common stock. These units are part of her director compensation and represent a right to receive shares in the future, rather than an immediate cash or stock transaction.
How many restricted stock units did Stephanie Burns receive from Corning (GLW)?
She received 303 restricted stock units, each representing a contingent right to one share of Corning common stock. The units were valued at $135.97 per unit on the grant date and form part of her annual equity retainer as a non-employee director.
What are Stephanie Burns’ Corning (GLW) stock holdings after this Form 4?
After the reported grant, Burns holds 56,888 shares of Corning common stock directly and 107 shares indirectly through a trust. She also has multiple deferred restricted stock unit balances that each correspond to underlying Corning common shares under company compensation plans.
How do the deferred compensation plans affect Corning (GLW) director equity awards?
Equity awards in the form of restricted stock units can be deferred under Corning’s Non-Employee Directors’ Deferred Compensation Plan. Units convert into common stock and are distributed on an elected future date or when a director’s service ends, helping align compensation with long-term company performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
