Avery H. Nelson III - May 17, 2021 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP & GM, Automotive
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 17, 2021
Transactions value $
-$97,395
Form type
4
Date filed
5/19/2021, 04:19 PM
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +4.07K +98.79% $0.00 8.19K May 17, 2021 Direct
transaction GLW Common Stock Options Exercise $0 +589 +7.19% $0.00 8.78K May 17, 2021 Direct
transaction GLW Common Stock Tax liability -$97.4K -2.2K -25.09% $44.19 6.58K May 17, 2021 Direct
holding GLW Common Stock 3.44K May 17, 2021 Trustee u/Employee Benefit Plan

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 -4.07K -33.34% $0.00 8.14K May 17, 2021 Common Stock 4.07K Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -589 -33.37% $0.00 1.18K May 17, 2021 Common Stock 589 Direct F1, F2
holding GLW Restricted Stock Unit 5.9K May 17, 2021 Common Stock 5.9K Direct F1, F3
holding GLW Restricted Stock Unit 13.3K May 17, 2021 Common Stock 13.3K 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 2.77K May 17, 2021 Common Stock 2.77K 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.