Michael Alan Bell - 07 Jan 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP & GM, Optical Comm.
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Jan 2022
Net transactions value
-$20,276
Form type
4
Filing time
11 Jan 2022, 15:35:06 UTC
Previous filing
21 May 2021
Next filing
04 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +534 $0.000000 534 07 Jan 2022 Direct F1
transaction GLW Common Stock Tax liability $20,276 -534 -100% $37.97 0 07 Jan 2022 Direct
holding GLW Common Stock 667 07 Jan 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 -5.6% 9,014 07 Jan 2022 Common Stock 534 Direct F1, F2
holding GLW Restricted Stock Unit 5,795 07 Jan 2022 Common Stock 5,795 Direct F1, F3
holding GLW Restricted Stock Unit 12,681 07 Jan 2022 Common Stock 12,681 Direct F1, F4
holding GLW Restricted Stock Unit 2,676 07 Jan 2022 Common Stock 2,676 Direct F1, F4
holding GLW Restricted Stock Unit 8,550 07 Jan 2022 Common Stock 8,550 Direct F1, F5
holding GLW Restricted Stock Unit 1,233 07 Jan 2022 Common Stock 1,233 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.