Corning Director Robert F. Cummings Jr. Receives Deferred RSUs
CORNING INC /NY
Subscribe to track GLW
Premium users can add ticker alerts and receive realtime notification updates.
Filing Summary
📊 Form 4 Filed for Corning Inc ($GLW) Insider: Robert F. Cummings Jr. (Director) Transaction: Acquired 268 Restricted Stock Units at $153.76 ($41,207.68 total) Date: September 30, 2026 Post-Transaction Direct RSUs: 131,030 shares Significance: Low (Routine deferred compensation plan grant)
Comprehensive Analysis
Executive Summary
On October 1, 2026, Corning Incorporated ($GLW) filed a Form 4 reporting that Director Robert F. Cummings Jr. acquired 268 Restricted Stock Units (RSUs) on September 30, 2026, under the Non-Employee Directors' Deferred Compensation Plan. The units were credited at a reference price of $153.76 per share, representing an aggregate value of $41,207.68.
Transaction Breakdown
- Security: Restricted Stock Unit
- Transaction Code: 'A' (Award/Grant)
- Shares Acquired: 268
- Price Per Share: $153.76
- Total Transaction Value: $41,207.68
- Nature of Holding: Direct
- Vesting & Terms: Conversion to common stock is deferred until a date chosen by the participant or upon cessation of board service.
Post-Transaction Holdings
Following this transaction, Mr. Cummings holds:
- Deferred Plan RSUs: 131,030 units
- Annual Equity Retainer RSUs: 52,853 units
- Other RSU Tranches: 2,900 units across two separate holdings (1,059 and 1,841 units)
- Common Stock (Direct): 151,199 shares
Market & Governance Impact
This filing represents standard quarterly director equity compensation under Corning's deferred compensation plan rather than an open-market transaction. Due to its routine and non-discretionary nature, the trading significance is low.
Get Real-Time Alerts
Join our community to receive instant notifications when high-significance filings are published
Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
