Michael Alan Bell - Jan 7, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP & GM, Optical Comm.
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Jan 7, 2022
Transactions value $
-$20,276
Form type
4
Date filed
1/11/2022, 03:35 PM
Previous filing
May 21, 2021
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 +534 $0.00 534 Jan 7, 2022 Direct F1
transaction GLW Common Stock Tax liability -$20.3K -534 -100% $37.97 0 Jan 7, 2022 Direct
holding GLW Common Stock 667 Jan 7, 2022 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 -534 -5.59% 9.01K Jan 7, 2022 Common Stock 534 Direct F1, F2
holding GLW Restricted Stock Unit 5.8K Jan 7, 2022 Common Stock 5.8K Direct F1, F3
holding GLW Restricted Stock Unit 12.7K Jan 7, 2022 Common Stock 12.7K Direct F1, F4
holding GLW Restricted Stock Unit 2.68K Jan 7, 2022 Common Stock 2.68K Direct F1, F4
holding GLW Restricted Stock Unit 8.55K Jan 7, 2022 Common Stock 8.55K Direct F1, F5
holding GLW Restricted Stock Unit 1.23K Jan 7, 2022 Common Stock 1.23K 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 Vesting to satisfy tax requirement pursuant to the April 2021 agreement.
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 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.