Form 4: Corning Director Roger W. Ferguson Jr. Reports Stock Transactions
SEC Form 4 Filing
Director Roger W. Ferguson Jr. of Corning Inc. reported the acquisition of 807 restricted stock units and the disposal of 6,938 common stock shares.
Summary
- Roger W. Ferguson Jr., a director at Corning Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The filing indicates that Ferguson disposed of 6,938 shares of common stock.
- He also acquired 807 restricted stock units (RSUs) at a price of $47.52 per unit.
- These RSUs represent a contingent right to receive one share of Corning common stock each.
- The conversion of these RSUs to common stock is deferred until a specific date chosen by the participant or upon termination of service as a director.
- Ferguson also holds 923 and 21,319 restricted stock units from previous grants.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company director, which is neither positive nor negative in itself. It is a neutral event.
Industry Context
This filing is a routine disclosure of stock transactions by a company director, which is a common practice in publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for directors and officers of publicly traded companies in the United States.
- The reporting requirements are set by the Securities and Exchange Commission (SEC) to ensure transparency and prevent insider trading.
- Similar filings are made by directors and officers of companies like Apple, Microsoft, and Google, reflecting standard corporate governance practices.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the trading activities of a company director.
- The transaction has a minimal impact on the company's operations or financial position.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the earliest transaction reported, which includes the acquisition of 807 restricted stock units. |
| 01/02/2025 | Date the form was signed by Melissa J. Gambol, Power of Attorney. |
Keywords
Form 4, Corning Inc, Director, Roger W. Ferguson Jr., Stock Transaction, Restricted Stock Units, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.