John P. Bayne JR - May 17, 2021 Form 4 Insider Report for CORNING INC /NY (GLW)

Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 17, 2021
Transactions value $
-$103,979
Form type
4
Date filed
5/19/2021, 04:06 PM
Previous filing
May 7, 2021
Next filing
Jan 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +4.28K +84.04% $0.00 9.36K May 17, 2021 Direct
transaction GLW Common Stock Options Exercise $0 +617 +6.59% $0.00 9.98K May 17, 2021 Direct
transaction GLW Common Stock Tax liability -$104K -2.35K -23.58% $44.19 7.63K May 17, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GLW Restricted Stock Unit Options Exercise $0 -4.28K -33.33% $0.00 8.55K May 17, 2021 Common Stock 4.28K Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -617 -33.35% $0.00 1.23K May 17, 2021 Common Stock 617 Direct F1, F2
holding GLW Restricted Stock Unit 6.05K May 17, 2021 Common Stock 6.05K Direct F1, F3
holding GLW Restricted Stock Unit 12.9K May 17, 2021 Common Stock 12.9K Direct F1, F4
holding GLW Restricted Stock Unit 9.55K May 17, 2021 Common Stock 9.55K Direct F1, F5
holding GLW Restricted Stock Unit 2.67K May 17, 2021 Common Stock 2.67K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2 The restricted stock units will vest ratably over three years from the May 15, 2020 grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.
F3 The Restricted Stock Units vest 100% on April 15, 2022. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2022. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2022.
F4 The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
F5 The Restricted Stock Units vest 100% on April 15, 2024. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.