Ferguson Roger W. Jr. 4
Research Summary
AI-generated summary
Corning (GLW) Director Roger W. Ferguson Jr. Receives RSU Award
What Happened
- Roger W. Ferguson Jr., a director of Corning Incorporated (GLW), was granted 1,806 restricted stock units (RSUs) on 2026-02-11. The filing records the transaction as an award (code A) valued at $0.00 on the Form 4 because these are derivative equity awards (RSUs), not an open-market purchase.
Key Details
- Transaction date: 2026-02-11; Form 4 filed: 2026-02-12 (timely).
- Award: 1,806 RSUs, reported at $0.00 (derivative award).
- Shares owned after transaction: not specified in this filing.
- Footnotes: RSUs represent a contingent right to receive one share each (F1, F3, F5). Conversion/distribution of RSUs to common stock is deferred until a date elected by the participant or upon termination of service (F2, F4). Awards were granted under the Non-Employee Directors' Deferred Compensation Plan and as the annual equity retainer (F3, F5).
Context
- RSUs are not immediate share transfers or cash purchases—these awards create a future right to receive shares subject to the plan’s deferral/vesting rules. Such grants are routine for non-employee directors as part of compensation and do not by themselves indicate a buy or sell signal.