Corning (GLW) Director Disposes 151,199 Shares; 488 RSU Grant Reported
Rhea-AI Filing Summary
Robert F. Cummings Jr., a director of Corning Incorporated (GLW), reported changes in beneficial ownership on 09/30/2025. The filing shows a disposition of 151,199 shares of Corning common stock and the conversion/holding of restricted stock units (RSUs): 1,059, 1,841, and 51,047 RSUs previously outstanding, plus a grant of 488 RSUs under the Non-Employee Directors' Deferred Compensation Plan. After the reported transactions, the total shares shown as beneficially owned following the RSU conversion line is 129,841. The RSUs represent contingent rights to receive one share each, with distribution deferred until the participant's elected date or termination of director service.
Positive
- Disclosure compliance: Form 4 filed and signed, showing timely reporting of insider transactions
- Ongoing alignment: Director maintains RSU holdings totaling 53,947 RSUs disclosed prior to the 488-RSU grant (1,059 + 1,841 + 51,047)
Negative
- Large share disposition: 151,199 shares were disposed on 09/30/2025, which is a material sale by a director
- Limited context: Filing does not disclose net proceeds or reason for the 151,199-share disposition
Insights
Director reported a large share sale and ongoing RSU holdings.
The Form 4 discloses a disposition of 151,199 shares on 09/30/2025 by director Robert F. Cummings Jr., alongside multiple RSU holdings and a 488-RSU grant. These entries document both cash/stock transactions and deferred equity under the Non-Employee Directors' Deferred Compensation Plan.
This is a factual reporting of insider activity required under Section 16; the filing shows the mechanics of equity compensation (each RSU converts to one share and distribution is deferred per plan rules) without additional context on proceeds, prices beyond the single reported price of $82.03 for the 488-RSU entry, or intent.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 488 | $82.03 | $40K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 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. 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.
