CUMMINGS ROBERT F JR 4
4 · CORNING INC /NY · Filed Jul 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), received an award of 161 restricted stock units (RSUs) on 2026-06-30. The grant is reported as a derivative acquisition (code A) at a grant value of $255.43 per share, totaling approximately $41,124. This award represents an equity retainer for non-employee directors rather than an open-market purchase.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-01 (timely filing).
- Grant: 161 RSUs @ $255.43 per share; total reported value ≈ $41,124.
- Transaction type: Award/Grant (derivative RSUs under Non-Employee Directors' Deferred Compensation Plan).
- Shares owned after transaction: not stated in the provided filing excerpt.
- Relevant footnotes:
- Each RSU = contingent right to one common share (F1, F3, F4).
- Conversion/distribution of RSUs is deferred until an elected date or termination of director service under the plan (F2, F5).
Context
This is a routine non-cash director compensation grant (annual equity retainer) and not a stock purchase or sale. Because these RSUs are deferred compensation, they represent a future right to shares rather than immediate share ownership or a market transaction.
Insider Transaction Report
- Award
Restricted Stock Unit
[F4][F5]2026-06-30$255.43/sh+161$41,124→ 130,762 total→ Common Stock (161 underlying)
- 151,199
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.