Zhang John Z 4
Research Summary
AI-generated summary
Corning (GLW) Exec VP John Z. Zhang Receives RSU Award
What Happened
- John Z. Zhang, Executive Vice President & Chief Commercial and Chief Digital Officer (CCDO) of Corning Incorporated (GLW), received a grant of 9,692 restricted stock units (RSUs) on April 1, 2026. The award was reported as a derivative acquisition (Form 4 code A) with an acquisition price of $0.00 (i.e., an equity award, not a cash purchase).
Key Details
- Transaction date: April 1, 2026; Form filed April 2, 2026 (timely filing).
- Grant: 9,692 RSUs; reported acquisition price $0.00; transaction type: Award/Grant (derivative).
- Shares owned after the transaction: Not disclosed in the provided filing excerpt.
- Footnotes:
- Each RSU represents a contingent right to receive one share of Corning common stock (F1).
- The award includes RSUs with different vesting dates (examples listed in the filing): 100% vesting on April 15, 2026 (F4), April 15, 2027 (F2), April 14, 2028 (F3), and April 16, 2029 (F5). Certain events (retirement, death, disability, and other conditions specified in the award) may result in earlier vesting.
Context
- This is an equity grant (award) rather than a market purchase or sale; RSUs convert to shares only upon vesting and therefore do not represent immediately owned, tradable stock.
- Such grants are routine components of executive compensation and do not, by themselves, indicate buying or selling sentiment. They do, however, increase potential future insider exposure to company stock as RSUs vest.