CUMMINGS ROBERT F JR 4
Research Summary
AI-generated summary
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.