Michael Alan Bell - Feb 2, 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
Feb 2, 2022
Transactions value $
-$27,909
Form type
4
Date filed
2/4/2022, 03:08 PM
Previous filing
Jan 11, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise +410 410 Feb 2, 2022 Direct F1
transaction GLW Common Stock Options Exercise +243 +59.27% 653 Feb 2, 2022 Direct F1
transaction GLW Common Stock Tax liability -$27.9K -653 -100% $42.74 0 Feb 2, 2022 Direct
holding GLW Common Stock 667 Feb 2, 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 Performance Share Unit Award $0 +12.7K +99.92% $0.00 25.4K Feb 2, 2022 Common Stock 12.7K Direct F1, F2
transaction GLW Performance Share Unit Award $0 +7.52K $0.00 7.52K Feb 2, 2022 Common Stock 7.52K Direct F1, F3
transaction GLW Performance Share Unit Options Exercise -410 -1.62% 25K Feb 2, 2022 Common Stock 410 Direct F1, F4
transaction GLW Performance Share Unit Options Exercise -243 -3.23% 7.28K Feb 2, 2022 Common Stock 243 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
F2 Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F3 Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F4 Vesting to satisfy tax requirement pursuant to the 2020 agreement.
F5 Vesting to satisfy tax requirement pursuant to the 2021 agreement.