Lewis A. Steverson - May 17, 2021 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
EVP and CLAO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 17, 2021
Transactions value $
-$227,313
Form type
4
Date filed
5/19/2021, 04:21 PM
Previous filing
May 7, 2021
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +9.42K $0.00 9.42K May 17, 2021 Direct
transaction GLW Common Stock Options Exercise $0 +1.09K +11.55% $0.00 10.5K May 17, 2021 Direct
transaction GLW Common Stock Tax liability -$227K -5.14K -48.98% $44.19 5.36K 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 -9.42K -31.49% $0.00 20.5K May 17, 2021 Common Stock 9.42K Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -1.09K -32.47% $0.00 2.26K May 17, 2021 Common Stock 1.09K Direct F1, F2
holding GLW Restricted Stock Unit 12.3K May 17, 2021 Common Stock 12.3K Direct F1, F3
holding GLW Restricted Stock Unit 35.7K May 17, 2021 Common Stock 35.7K Direct F1, F4
holding GLW Restricted Stock Unit 23.5K May 17, 2021 Common Stock 23.5K Direct F1, F5
* 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 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.