David L. Morse - Apr 18, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Chief Tech. Officer
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 18, 2022
Transactions value $
-$276,278
Form type
4
Date filed
4/20/2022, 04:18 PM
Previous filing
Apr 5, 2022
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +16.7K $0.00 16.7K Apr 18, 2022 Direct
transaction GLW Common Stock Tax liability -$276K -8.16K -48.7% $33.87 8.59K Apr 18, 2022 Direct
holding GLW Common Stock 55.8K Apr 18, 2022 By Morse Family Trust F1

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 $0 -16.7K -100% $0.00* 0 Apr 18, 2022 Common Stock 16.7K Direct F2, F3
holding GLW Restricted Stock Unit 36.1K Apr 18, 2022 Common Stock 36.1K Direct F2, F4
holding GLW Restricted Stock Unit 2.12K Apr 18, 2022 Common Stock 2.12K Direct F2, F5
holding GLW Restricted Stock Unit 15.9K Apr 18, 2022 Common Stock 15.9K Direct F2, F6
holding GLW Restricted Stock Unit 20.2K Apr 18, 2022 Common Stock 20.2K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is trustee and beneficiary of the trust.
F2 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F3 The Restricted Stock Units vested 100% on April 18, 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.
F6 The Restricted Stock Units vest 100% on April 15, 2024. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
F7 The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.