Corning (NYSE: GLW) awards RSUs to its SVP and General Counsel
Filing Impact
Filing Sentiment
Form Type
4
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
4 transactions reported
Mixed
4 txns
Insider
TILLMAN MICHAUNE D
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,477 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 3,477 shares (Direct);
Common Stock — 16,380 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. 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. 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. 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
New RSU grant: 3,477 units
Common stock held: 16,380 shares
RSU position 1: 12,397 underlying shares
+4 more
7 metrics
New RSU grant
3,477 units
Restricted stock units granted on April 1, 2026
Common stock held
16,380 shares
Direct common stock ownership after reported transactions
RSU position 1
12,397 underlying shares
Direct RSU award tied to Corning common stock
RSU position 2
9,881 underlying shares
Second direct RSU award tied to Corning common stock
RSU vesting date
April 15, 2027
100% vesting for one RSU award, with possible earlier vesting on events
RSU vesting date
April 14, 2028
100% vesting for one RSU award, subject to agreement terms
RSU vesting date
April 16, 2029
100% vesting for one RSU award, subject to agreement terms
Key Terms
Restricted Stock Unit, contingent right, vest, restricted stock units (RSUs), +1 more
5 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock."
vest financial
"The restricted stock units (RSUs) vest 100% on April 15, 2027."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
restricted stock units (RSUs) financial
"The restricted stock units (RSUs) vest 100% on April 14, 2028."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
equity-based compensation financial
"These RSUs are equity-based compensation, each representing a contingent right to one share of Corning common stock."
Equity-based compensation is pay given to employees or contractors in the form of company ownership—such as stock, stock options, or restricted shares—instead of or in addition to cash. It matters to investors because it aligns workers’ interests with shareholders (like giving employees a slice of the company pie), but can also dilute existing owners and appears as a real cost on financial statements, affecting earnings and share value.
