Corning (GLW) director receives 1,806 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated director Robert F. Cummings Jr. reported an equity compensation grant in the form of restricted stock units (RSUs). On February 11, 2026, he acquired 1,806 RSUs at a stated price of $0 under Corning’s director compensation arrangements.
After this grant, Cummings directly held 52,853 RSUs and 151,199 shares of Corning common stock. Each RSU represents a contingent right to receive one share of common stock, with delivery generally deferred until a date elected by the director or upon termination of board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
CUMMINGS ROBERT F JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,806 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 52,853 shares (Direct);
Common Stock — 151,199 shares (Direct)
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 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. 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.
FAQ
What insider transaction did GLW director Robert F. Cummings Jr report?
Corning (GLW) director Robert F. Cummings Jr reported receiving 1,806 restricted stock units as an equity grant. These RSUs are part of his annual director compensation and convert into Corning common stock at a future, deferred distribution date or when his board service ends.
How many restricted stock units does the GLW director hold after this Form 4?
After the reported grant, the Corning (GLW) director beneficially owns 52,853 restricted stock units. Each RSU represents a contingent right to receive one share of Corning common stock, generally delivered on a deferred schedule or when his service as a director terminates.
What is the nature of the 1,806 RSU grant reported by GLW?
The 1,806 restricted stock units represent an annual equity retainer granted to the Corning (GLW) director. Each RSU is a contingent right to receive one share of common stock, with conversion and stock distribution deferred based on an elected date or termination of director service.
Are the Corning (GLW) director’s RSUs immediately convertible into common stock?
The RSUs are not immediately settled into common stock. Conversion and distribution are deferred until a specific date chosen by the director or until service as a Corning director ends, according to the company’s Non-Employee Directors’ Deferred Compensation Plan provisions.
What common stock holdings does the GLW director report on this Form 4?
The Form 4 shows the Corning (GLW) director directly holding 151,199 shares of common stock after the reported transaction. This reflects his beneficial ownership of non-derivative Corning shares, separate from his deferred restricted stock unit awards disclosed in the derivative securities table.