CUMMINGS ROBERT F JR 4
4 · CORNING INC /NY · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) Director Robert F. Cummings Jr. Receives RSU Award
What Happened
- Robert F. Cummings Jr., a director of Corning Incorporated (GLW), was granted 303 restricted stock units (RSUs) on 2026-03-31.
- The grant is reported at $135.97 per share, for a total implied value of $41,199. This transaction is recorded as an award/acquisition (derivative) rather than an open‑market purchase.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-01. No late filing is indicated in the provided extract.
- Grant type/code: A (award/acquisition) — derivative RSUs, not immediately tradable shares.
- Amount: 303 RSUs at $135.97 each; total value shown $41,199.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: RSUs represent a contingent right to one share each (F1, F3, F4). Conversion/distribution of shares under the Non‑Employee Directors' Deferred Compensation Plan is deferred until a date elected by the participant or termination of director service (F2, F5). The grant represents the annual equity retainer for non‑employee directors.
Context
- RSU grants to non‑employee directors are routine compensation and do not represent an open‑market purchase or sale. Because these are deferred RSUs (derivative awards), the actual shares and any ability to sell them occur later per the plan's deferral rules. Such awards are compensation, not direct signals of immediate buying or selling intent.
Insider Transaction Report
Form 4
CUMMINGS ROBERT F JR
Director
Transactions
- Award
Restricted Stock Unit
[F4][F5]2026-03-31$135.97/sh+303$41,199→ 130,601 total→ Common Stock (303 underlying)
Holdings
- 151,199
Common Stock
- 460(indirect: By Children)
Common Stock
- 460(indirect: By Children)
Common Stock
- 1,059
Restricted Stock Unit
[F1][F2]→ Common Stock (1,059 underlying) - 1,841
Restricted Stock Unit
[F1][F2]→ Common Stock (1,841 underlying) - 52,853
Restricted Stock Unit
[F3][F2]→ Common Stock (52,853 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
Signature
Melissa J. Gambol, Power of Attorney|2026-04-01