Nelson Avery H III 4
Research Summary
AI-generated summary
Corning (GLW) COO Avery H. Nelson III Receives RSU Award
What Happened
Avery H. Nelson III, Executive Vice President & Chief Operating Officer of Corning Inc. (GLW), was granted 9,692 restricted stock units (RSUs) on April 1, 2026. The award is reported as a derivative acquisition at $0.00 per unit (no cash paid at grant). This is a grant/award (not a purchase or sale).
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 2, 2026 (reported the next day).
- Transaction type/code: A — Grant/award of derivative securities (RSUs).
- Amount: 9,692 restricted stock units; reported price $0.00 (derivative grant).
- Shares owned after transaction: Not specified in the supplied summary.
- Relevant footnotes from the filing:
- F2: Each RSU represents a contingent right to receive one share of Corning common stock.
- F3–F6: Vesting schedules shown in the filing include single-date vesting (100%) on various dates (Apr 15, 2026; Apr 15, 2027; Apr 14, 2028; Apr 16, 2029) and may accelerate for events like retirement, death, or disability.
- F1: Separately notes ownership represented by units in the issuer's 401(k) stock fund as of Mar 31, 2026.
- No tax-withholding, 10b5-1 plan, sale, or exercise details were indicated in the information provided.
Context
RSU grants are compensation awards that convert to shares if and when they vest; they are not immediate purchases and do not signal an instant cash outlay or sale. The filing shows a standard grant of RSUs with specific vesting provisions noted—retail investors should view this as a compensation-related award rather than an insider buying or selling stock.