Corning (GLW) director awarded restricted stock units and reports updated share holdings
Rhea-AI Filing Summary
Corning Incorporated director Robert F. Cummings Jr reported an update to his equity holdings. On June 30, 2026, he received a grant of 161 restricted stock units (RSUs), each representing a contingent right to one share of Corning common stock.
Following the filing, he directly holds 151,199 shares of common stock. He also holds multiple RSU awards, including positions covering 52,853, 1,841, and 1,059 underlying shares. Conversion and distribution of these RSUs into common stock are deferred until a date he elects or his termination of service as a Corning director under the company’s non-employee director plans.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant to Corning director with no open-market trading.
The filing shows Robert F. Cummings Jr, a Corning director, receiving an award of 161 restricted stock units. RSUs are compensation instruments that convert into shares later, rather than immediate stock purchases or sales in the market.
The transaction code and description indicate a grant/award acquisition, with no open-market buy or sell activity and no tax-withholding or restructuring entries. He retains a substantial common stock position of 151,199 shares plus multiple deferred RSU awards.
This looks like routine director compensation under Corning’s non-employee director plans, with share delivery deferred until a chosen date or termination of board service. There is no clear signal about his view on the stock’s short-term prospects.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 161 | $255.43 | $41K |
| 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.