Robert F. Cummings Jr - Feb 2, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Director
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 2, 2022
Transactions value $
$205,024
Form type
4
Date filed
2/3/2022, 03:15 PM
Previous filing
Jan 4, 2022
Next filing
Apr 1, 2022

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 Award $205K +4.8K +16.81% $42.74 33.3K Feb 2, 2022 Common Stock 4.8K Direct F1, F2
holding GLW Restricted Stock Unit 115K Feb 2, 2022 Common Stock 115K Direct F3, F4
holding GLW Restricted Stock Unit 1.84K Feb 2, 2022 Common Stock 1.84K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents annual equity retainer in the form of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2 Conversion of restricted stock units to the Company's common stock and distribution of such stock is deferred until a specific date as elected by the participant or termination of service as a Corning director.
F3 Represents restricted stock units granted under the Non-Employee Directors' Deferred Compensation Plan. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F4 Conversion of restricted stock units to the Company's common stock and distribution of such stock under the Non-Employee Directors' Deferred Compensation Plan is deferred until a specific date as elected by the participant or termination of service as a Corning director.
F5 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.