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

Role
President and COO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
18 Apr 2022
Net transactions value
-$270,418
Form type
4
Filing time
20 Apr 2022, 16:19:21 UTC
Previous filing
05 Apr 2022
Next filing
18 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +16,393 +18% $0.000000 105,610 18 Apr 2022 Direct
transaction GLW Common Stock Tax liability $270,418 -7,984 -7.6% $33.87 97,626 18 Apr 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 -16,393 -100% $0.000000* 0 18 Apr 2022 Common Stock 16,393 Direct F1, F2
holding GLW Restricted Stock Unit 41,536 18 Apr 2022 Common Stock 41,536 Direct F1, F3
holding GLW Restricted Stock Unit 2,513 18 Apr 2022 Common Stock 2,513 Direct F1, F4
holding GLW Restricted Stock Unit 26,703 18 Apr 2022 Common Stock 26,703 Direct F1, F5
holding GLW Restricted Stock Unit 39,191 18 Apr 2022 Common Stock 39,191 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.