Corning director granted 303 RSUs in equity award
Corning Inc. director Robert F. Cummings Jr. received an award of 303 restricted stock units (RSUs) on March 31, 2026, as a grant or other acquisition.
Rhea-AI Filing Summary
Corning Inc. director Robert F. Cummings Jr. received an award of 303 restricted stock units (RSUs) on March 31, 2026, as a grant or other acquisition. Each RSU represents a contingent right to receive one share of Corning common stock.
The award forms part of his annual equity retainer under Corning’s non-employee director programs, and conversion of RSUs into common stock is deferred until a date he elects or his service as a director ends. Following this grant, he directly holds 130,601 RSUs, along with 151,199 shares of common stock directly and 460 shares of common stock indirectly for each of two minor children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 303 shares
Grant/Award
7 txns
Insider
CUMMINGS ROBERT F JR
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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 186,354 contracts for 55,753 underlying shares (Direct);
Common Stock — 151,199 shares (Direct);
Common Stock — 460 shares (Indirect, Held By Minor 1st Child);
Common Stock — 460 shares (Indirect, Held By Minor 2nd Child)
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
RSUs granted: 303 units
Grant reference price: $135.97 per share
RSUs after grant: 130,601 units
+3 more
6 metrics
RSUs granted
303 units
Restricted stock unit award on March 31, 2026
Grant reference price
$135.97 per share
Transaction price per share for 303 RSUs
RSUs after grant
130,601 units
Total restricted stock units directly held following transaction
Direct common shares
151,199 shares
Corning common stock directly held
Indirect common shares per child
460 shares
Corning common stock held for each of two minor children
Deferred RSU blocks
1,059; 1,841; 52,853 units
Underlying shares for three RSU positions in derivative summary
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
"RSUs granted under the Non-Employee Directors' Deferred Compensation Plan"
contingent right financial
"Each RSU represents a contingent right to receive one share"
termination of service financial
"distribution of such stock is deferred until a specific date or termination of service"
FAQ
What insider transaction did GLW director Robert F. Cummings Jr report?
Corning director Robert F. Cummings Jr reported receiving 303 restricted stock units (RSUs) on March 31, 2026. The Form 4 shows this as a grant or award, increasing his deferred equity-based compensation position at the company.
Is the GLW Form 4 for Robert F. Cummings Jr a stock sale?
No, the Form 4 for Robert F. Cummings Jr reports a grant of 303 RSUs, not a sale. These RSUs are part of his equity compensation and represent rights to future Corning common shares, rather than an open-market stock disposition.
How many Corning RSUs does Robert F. Cummings Jr hold after this award?
After the 303 RSU grant, Robert F. Cummings Jr directly holds 130,601 restricted stock units. Each RSU corresponds to one share of Corning common stock, which may convert and be distributed under the company’s deferred compensation arrangements.
When will the reported Corning RSUs convert into common stock?
The RSUs convert into Corning common stock on a deferred basis. Conversion and distribution occur on a specific date elected by the director or upon termination of service as a Corning director, according to the deferred compensation plan footnotes.
What is the role of the Non-Employee Directors’ Deferred Compensation Plan at Corning?
The Non-Employee Directors’ Deferred Compensation Plan issues restricted stock units that each equal one Corning common share. Conversion and share distribution under this plan are deferred until a director’s elected date or termination of board service, aligning equity compensation with longer-term service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
