Martin Kevin J 4
4 · CORNING INC /NY · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) Director Kevin J. Martin Receives RSU Award
What Happened
Kevin J. Martin, a director of Corning Incorporated (GLW), was granted 137 restricted stock units (RSUs) on 2026-06-30. The award is recorded at $255.43 per share, with a total value of $34,994. This transaction is an award/grant (transaction code A) — not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-06-30; 137 RSUs @ $255.43 each (total $34,994).
- Transaction type: Award/Grant of RSUs (derivative securities), filed on 2026-07-01 (timely).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1/F3/F4: Each RSU represents a contingent right to receive one share of Corning common stock.
- F2/F5: Conversion/distribution of RSUs to actual shares is deferred until a date elected by the participant or upon termination of service under the Non‑Employee Directors' Deferred Compensation Plan.
- Plan context: The RSUs represent an annual equity retainer under the Non‑Employee Directors' Deferred Compensation Plan.
Context
RSU grants to non-employee directors are routine compensation and reflect equity-based pay rather than a buy or sell signal. Because these are RSUs (derivative awards) with deferred distribution, the director does not immediately receive tradable shares; they have a contingent right to receive shares later per the plan terms. This grant is informational for investors tracking insider compensation but does not, by itself, indicate insider sentiment about the stock.
Insider Transaction Report
- Award
Restricted Stock Unit
[F4][F5]2026-06-30$255.43/sh+137$34,994→ 20,234 total→ Common Stock (137 underlying)
- 31,506
Common Stock
- 888
Restricted Stock Unit
[F1][F2]→ Common Stock (888 underlying) - 1,544
Restricted Stock Unit
[F1][F2]→ Common Stock (1,544 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.