James P. Clappin - Jan 7, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Vice Chair &Strat. Adv
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Jan 7, 2022
Transactions value $
-$25,516
Form type
4
Date filed
1/11/2022, 03:36 PM
Previous filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +672 +0.79% $0.00 85.7K Jan 7, 2022 Direct F1
transaction GLW Common Stock Tax liability -$25.5K -672 -0.78% $37.97 85.1K Jan 7, 2022 Direct
holding GLW Common Stock 1.93K Jan 7, 2022 Trustee u/Employee Benefit Plan
holding GLW Common Stock - Jt. Tenant W/wife 9.8K Jan 7, 2022 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 -672 -6.62% 9.47K Jan 7, 2022 Common Stock 672 Direct F1, F2
holding GLW Restricted Stock Unit 17.5K Jan 7, 2022 Common Stock 17.5K Direct F1, F3
holding GLW Restricted Stock Unit 37.7K Jan 7, 2022 Common Stock 37.7K Direct F1, F4
holding GLW Restricted Stock Unit 189 Jan 7, 2022 Common Stock 189 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 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.