WEEKS WENDELL P 4
Research Summary
AI-generated summary
Corning (GLW) CEO Wendell Weeks Receives 30,868-Share Award
What Happened
- Wendell P. Weeks, Chairman, CEO and President (and a director) of Corning Incorporated (GLW), received an award of 30,868 restricted stock units (RSUs) on April 1, 2026. The units are recorded at $0.00 per unit (derivative award), so no cash was paid; the reported value is $0 on the Form 4.
Key Details
- Transaction date: April 1, 2026 (filed April 2, 2026 — appears timely).
- Quantity and price: 30,868 RSUs at $0.00 (award/derivative).
- Shares owned after transaction: Not specified in the provided summary — see the full filing for post-transaction beneficial ownership.
- Relevant footnotes from the filing:
- F3: Each RSU represents a contingent right to receive one share of Corning common stock.
- F6: A footnote indicates a 100% vesting date of April 15, 2026 for one RSU grant; other footnotes list alternate vesting dates (April 15, 2027; April 14, 2028; April 16, 2029) that apply to other awards or circumstances.
- F1: Reporting person disclaims beneficial ownership of securities held by spouse.
- F2: Some ownership is represented by units held in a unitized stock fund through the company 401(k) plan as of March 31, 2026.
Context
- This was an equity award (RSUs), not a purchase or sale. RSUs are a contingent right to receive shares upon vesting; they do not represent immediate share ownership until vesting and settlement. Vesting conditions (including accelerated vesting for retirement, death, disability, etc.) are noted in the footnotes — check the filing for the precise vesting schedule that applies to this specific grant.