Eric S. Musser - Apr 18, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
President and COO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 18, 2022
Transactions value $
-$270,418
Form type
4
Date filed
4/20/2022, 04:19 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 +16.4K +18.37% $0.00 106K Apr 18, 2022 Direct
transaction GLW Common Stock Tax liability -$270K -7.98K -7.56% $33.87 97.6K Apr 18, 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 $0 -16.4K -100% $0.00* 0 Apr 18, 2022 Common Stock 16.4K Direct F1, F2
holding GLW Restricted Stock Unit 41.5K Apr 18, 2022 Common Stock 41.5K Direct F1, F3
holding GLW Restricted Stock Unit 2.51K Apr 18, 2022 Common Stock 2.51K Direct F1, F4
holding GLW Restricted Stock Unit 26.7K Apr 18, 2022 Common Stock 26.7K Direct F1, F5
holding GLW Restricted Stock Unit 39.2K Apr 18, 2022 Common Stock 39.2K 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 The Restricted Stock Units vested 100% on April 18, 2022.
F3 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.
F4 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.
F5 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.
F6 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.