Huttenlocher Daniel P 4
Research Summary
AI-generated summary
Corning (GLW) Director Daniel P. Huttenlocher Receives 1,806 RSUs
What Happened
Daniel P. Huttenlocher, a director of Corning Incorporated (GLW), received a grant of 1,806 restricted stock units (RSUs) on February 11, 2026. The Form 4 reports the grant as a derivative award at $0.00 per unit (i.e., no cash purchase); each RSU represents a contingent right to one share of Corning common stock upon conversion. This is an equity grant (award), not a purchase or sale.
Key Details
- Transaction date: 2026-02-11; Filing date (Form 4): 2026-02-12 (timely filing).
- Transaction type/code: A (Grant/Award) — 1,806 RSUs recorded at $0.00.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes: F1 — each RSU = right to one share; F2 — conversion/distribution deferred until a chosen date or upon termination of director service; F3 — this grant represents the annual equity retainer in RSUs.
- No indication of a 10b5-1 plan, tax withholding sale, or late filing in the provided report.
Context
RSU grants to directors are routine compensation and represent a deferred claim on company stock rather than an immediate purchase or sale. Under the filing’s terms, the RSUs convert to actual shares only upon the elected distribution date or when the director leaves service, so this transaction is compensation-focused rather than an active market bet.