Corning (GLW) director discloses common stock and deferred RSU awards
Rhea-AI Filing Summary
Corning Incorporated director equity holdings and awards are reported in this Form 4 for the earliest transaction date of 12/31/2025. The reporting person shows beneficial ownership of 56,888 shares of Corning common stock held directly and 107 shares held indirectly through a trust.
The filing also details several restricted stock unit (RSU) positions. One line reflects RSUs that constitute the annual equity retainer, where each RSU represents a contingent right to receive one share of Corning common stock. Other RSUs are granted under the Non-Employee Directors' Deferred Compensation Plan, likewise tied one-for-one to common shares.
For these RSUs, the conversion into common stock and distribution are deferred until a specific date elected by the director or termination of service as a Corning director, as described in the footnotes. This structure means the director’s economic exposure to Corning equity is larger than the currently issued shares alone.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 439 | $87.56 | $38K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- 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. 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. Each restricted stock unit 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.
FAQ
What insider activity at Corning (GLW) is reported in this Form 4?
The Form 4 reports director-level equity holdings in Corning Incorporated, including directly and indirectly held common stock and several restricted stock unit (RSU) positions tied to Corning common shares.
What do the restricted stock units (RSUs) in this Corning (GLW) filing represent?
Each RSU disclosed in the filing represents a contingent right to receive one share of Corning Incorporated common stock, either as an annual equity retainer or under the Non-Employee Directors' Deferred Compensation Plan.
When will the Corning (GLW) RSUs reported in this Form 4 be converted to common stock?
According to the footnotes, conversion and distribution of common stock from the RSUs are deferred until a specific date elected by the director or until termination of service as a Corning director.
What is the purpose of the Non-Employee Directors' Deferred Compensation Plan mentioned for Corning (GLW)?
Under this plan, non-employee directors receive RSUs that are settled in Corning common stock. The RSUs are deferred, with stock distributed at an elected future date or upon the director’s termination of service.