Ferguson Roger W. Jr. 4
Research Summary
AI-generated summary
Corning (GLW) Director Roger W. Ferguson Jr. Receives 161-Share Award
What Happened
Roger W. Ferguson Jr., a director of Corning Incorporated (GLW), was granted 161 restricted stock units (RSUs) on 2026-06-30. The grant is recorded at a grant value of $255.43 per share, totaling $41,124. This was an award (transaction code A) rather than an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-06-30; 161 RSUs at $255.43 each (total $41,124).
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes of note:
- Each RSU represents a contingent right to receive one share of Corning common stock (F1, F3, F4).
- Conversion/distribution of RSUs to shares is deferred until a date elected by the participant or upon termination of service as a director (F2, F5).
- The grant represents the annual equity retainer under the Non-Employee Directors' Deferred Compensation Plan (F3, F4).
- Filing timeliness: Reported period 2026-06-30 and filed 2026-07-01 — within the typical Form 4 filing window (timely).
Context
RSUs are a form of deferred compensation: Ferguson did not receive shares immediately but a contingent right to shares in the future per the plan's deferral rules. Awards to non-employee directors are commonly part of standard compensation and do not, by themselves, indicate a buy or sell signal.