Corning SVP and General Counsel granted RSUs
TILLMAN MICHAUNE D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
TILLMAN MICHAUNE D reported acquisition or exercise transactions in this Form 4 filing.
Corning Incorporated reported that SVP and General Counsel MicHaune D. Tillman received a grant of 3,477 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Corning common stock, functioning as equity-based compensation rather than an open-market stock purchase or sale.
The filing also shows Tillman’s updated equity position. He now directly holds 16,380 shares of common stock, along with RSU awards tied to 12,397 and 9,881 underlying common shares. Footnotes state these RSUs vest 100% on specified future dates in 2027, 2028, and 2029, with certain events potentially triggering earlier vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,477 | $0.00 | $0.00 |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- F3. The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- F4. The restricted stock units (RSUs) vest 100% on April 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
Key Figures
Key Terms
Restricted Stock Unit financial
contingent right financial
vest financial
restricted stock units (RSUs) financial
equity-based compensation financial
AI-generated analysis. How Rhea-AI works. Not financial advice.