Corning CFO granted 10,114 RSUs
Schlesinger Edward A reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Schlesinger Edward A reported acquisition or exercise transactions in this Form 4 filing.
Corning Inc. executive vice president and CFO Edward A. Schlesinger received a grant of 10,114 restricted stock units (RSUs), each representing a right to one share of Corning common stock. The award was recorded at a price of $0.00 per unit as a compensation grant, not a market purchase.
Following this award, he directly holds multiple RSU grants tied to Corning common stock, as well as 55,472 shares of common stock. Footnotes state that RSUs vest 100% on specified future April dates, with possible earlier vesting upon events such as retirement, death, or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 10,114 shares
Grant/Award
5 txns
Insider
Schlesinger Edward A
Role
Exec. Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 10,114 | $0.00 | $0.00 |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 75,417 contracts for 65,303 underlying shares (Direct);
Common Stock — 55,472 shares (Direct)
Footnotes (5)
- 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 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- F5. 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: 10,114 units
Grant price: $0.00 per unit
RSU tranche 1: 21,888 underlying shares
+5 more
8 metrics
New RSU grant
10,114 units
Grant to CFO Edward A. Schlesinger on April 1, 2026
Grant price
$0.00 per unit
RSU compensation award, not market purchase
RSU tranche 1
21,888 underlying shares
Restricted stock units, direct ownership
RSU tranche 2
24,327 underlying shares
Restricted stock units, direct ownership
RSU tranche 3
19,088 underlying shares
Restricted stock units, direct ownership
Common stock held
55,472 shares
Directly owned Corning common stock after reported transactions
Vesting date example
April 15, 2026
RSUs vest 100% on this date, subject to certain events
Latest vesting date
April 16, 2029
RSUs vest 100% on this date, subject to certain events
Key Terms
Restricted Stock Unit, contingent right, vest, underlying security, +1 more
5 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit" and footnote describing each unit"
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"
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.
underlying security financial
"underlying_security_title: "Common Stock" and underlying_security_shares"
direct ownership financial
"ownership_type: "direct" and ownership_code: "D" for the holdings"
FAQ
What insider transaction did Corning (GLW) report for CFO Edward Schlesinger?
Corning reported that CFO Edward A. Schlesinger received a grant of 10,114 restricted stock units. These RSUs are compensation, not open-market purchases, and each unit represents a contingent right to receive one share of Corning common stock at future vesting dates.
Are Edward Schlesinger’s new Corning (GLW) RSUs an open-market stock purchase?
No, the 10,114 restricted stock units granted to Edward Schlesinger are a compensation award, recorded at $0.00 per unit. They are not bought on the open market but granted by Corning, with shares delivered only if the RSUs ultimately vest.
How many Corning (GLW) restricted stock units does the CFO now hold after this filing?
After the reported grant, Edward Schlesinger holds several RSU positions referencing 21,888, 24,327 and 19,088 underlying shares of Corning common stock. These awards vest 100% on specified April dates, subject to earlier vesting on events such as retirement, death or disability.
What do Corning (GLW) RSU footnotes say about vesting for the CFO’s awards?
Footnotes explain that each restricted stock unit converts into one share of common stock and vests 100% on set dates: April 15, 2026, April 15, 2027, April 14, 2028, and April 16, 2029. Certain events, including retirement, death, or disability, may accelerate vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
