Corning director receives 137 RSUs, updates holdings
Corning Inc. director Kevin J. Martin reported updated equity holdings.
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Form Type
4
Rhea-AI Filing Summary
Corning Inc. director Kevin J. Martin reported updated equity holdings. On the reported date, he received a grant of 137 restricted stock units as part of his annual equity retainer, each representing one future share of common stock. After these entries, he directly holds 31,506 Corning common shares and multiple deferred RSU awards, including one block tied to 52,853 underlying shares, which will convert to stock at future dates or upon his termination of service as a director.
Insider Trade Summary
Grant/Award: 137 shares
Grant/Award
5 txns
Insider
Martin Kevin J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 137 | $255.43 | $35K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 75,519 contracts for 55,285 underlying shares (Direct);
Common Stock — 31,506 shares (Direct)
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: 137 units
Direct common shares: 31,506 shares
Largest RSU block: 52,853 underlying shares
+2 more
5 metrics
RSU grant
137 units
Annual equity retainer RSUs granted to director Kevin J. Martin
Direct common shares
31,506 shares
Common stock directly held following reported transactions
Largest RSU block
52,853 underlying shares
Restricted stock units convertible into Corning common stock
Additional RSU block
1,544 underlying shares
Deferred RSUs tied to Corning common stock
Additional RSU block
888 underlying shares
Deferred RSUs under director compensation plan
Key Terms
Restricted Stock Unit, annual equity retainer, Non-Employee Directors' Deferred Compensation Plan, contingent right
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.
annual equity retainer financial
"Represents annual equity retainer in the form of restricted stock units (RSUs)."
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Corning (GLW) disclose for Kevin J. Martin?
Corning disclosed that director Kevin J. Martin received a grant of 137 restricted stock units as part of his compensation. The filing also updates his direct common stock holdings and several deferred RSU balances linked to future delivery of Corning common shares.
What restricted stock unit grant did Kevin J. Martin receive from Corning (GLW)?
Kevin J. Martin received a grant of 137 restricted stock units, described as an annual equity retainer. Each RSU represents a contingent right to receive one share of Corning common stock, with conversion and distribution deferred under director compensation plan terms.
How large is Kevin J. Martin’s main RSU position in Corning (GLW)?
One of Kevin J. Martin’s RSU awards is tied to 52,853 underlying shares of Corning common stock. This position, along with smaller RSU blocks, will convert into shares on specified future dates or when his service as a Corning director ends.
When will Kevin J. Martin’s Corning (GLW) RSUs convert to common stock?
The RSUs will convert to Corning common stock and be distributed on a specific date elected by Kevin J. Martin or upon his termination of service as a director. This timing is governed by Corning’s Non-Employee Directors’ Deferred Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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