BURNS STEPHANIE 4

What Happened

• Stephanie Burns, a Corning Inc. (GLW) director, was granted 161 restricted stock units (RSUs) on 2026-06-30. The grant is reported as a derivative award (transaction code A) with an attributable grant value of $255.43 per share, totaling $41,124. This is an equity compensation award (not an open-market purchase or sale).

Key Details

• Transaction date and filing: 2026-06-30 (reported on Form 4 filed 2026-07-01). Filing appears timely (Form 4 filed within the normal 2-business-day window).
• Grant specifics: 161 RSUs @ $255.43 per share; total grant value $41,124.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote highlights:
  • Each RSU represents a contingent right to receive one share of Corning common stock (F1, F3, F4).
  • Conversion/distribution of these RSUs is deferred until a date elected by the participant or upon termination of director service under the Non-Employee Directors' Deferred Compensation Plan (F2, F5).
• Transaction type: Award/Grant (derivative RSU award), not an exercised option or sale.

Context

• RSU grants to non-employee directors are routine compensation and represent a promise of future shares (subject to vesting/deferral rules), so they do not by themselves indicate an immediate buy/sell decision. Because distribution is deferred under the directors’ deferred compensation plan, the RSUs are not immediately convertible to marketable shares.