R. Tony Tripeny - Jan 7, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Jan 7, 2022
Transactions value $
-$33,186
Form type
4
Date filed
1/11/2022, 03:45 PM
Previous filing
May 19, 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 +874 $0.00 874 Jan 7, 2022 Direct F1
transaction GLW Common Stock Tax liability -$33.2K -874 -100% $37.97 0 Jan 7, 2022 Direct F2
holding GLW Common Stock 81.6K Jan 7, 2022 By Trust

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 -874 -5.03% 16.5K Jan 7, 2022 Common Stock 874 Direct F1, F3
holding GLW Restricted Stock Unit 16.4K Jan 7, 2022 Common Stock 16.4K Direct F1, F4
holding GLW Restricted Stock Unit 35.4K Jan 7, 2022 Common Stock 35.4K Direct F1, F5
holding GLW Restricted Stock Unit 2.09K Jan 7, 2022 Common Stock 2.09K Direct F1, F6
* 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 Ownership has been updated to reflect the transfer of 15,428 shares of Common Stock that the reporting person owned individually into the joint trust account with spouse.
F3 Vesting to satisfy tax requirement pursuant to the April 2021 agreement.
F4 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.
F5 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.
F6 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.