R. Tony Tripeny - May 2, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Exec. Vice President
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 2, 2022
Transactions value $
$172,824
Form type
4
Date filed
5/4/2022, 04:44 PM
Previous filing
Apr 20, 2022
Next filing
Jul 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $34.5K +959 +11.4% $35.96 9.37K May 2, 2022 Direct
transaction GLW Common Stock Options Exercise $319K +8.86K +94.6% $35.96 18.2K May 2, 2022 Direct
transaction GLW Common Stock Tax liability -$180K -5.02K -27.51% $35.96 13.2K May 2, 2022 Direct
holding GLW Common Stock 81.6K May 2, 2022 By Trust

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 Disposed to Issuer $0 -1.13K -54.18% $0.00 959 May 2, 2022 Common Stock 1.13K Direct F1, F2, F3
transaction GLW Restricted Stock Unit Disposed to Issuer $0 -14K -66.67% $0.00 7.01K May 2, 2022 Common Stock 14K Direct F1, F4, F5
transaction GLW Performance Share Unit Disposed to Issuer $0 -10.5K -54.17% $0.00 8.86K May 2, 2022 Common Stock 10.5K Direct F6, F7, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -959 -100% $0.00* 0 May 2, 2022 Common Stock 959 Direct F1, F9
transaction GLW Performance Share Unit Options Exercise $0 -8.86K -100% $0.00* 0 May 2, 2022 Common Stock 8.86K Direct F6, F10
holding GLW Performance Share Unit 57K May 2, 2022 Common Stock 57K Direct F6, F11
holding GLW Performance Share Unit 13.2K May 2, 2022 Common Stock 13.2K Direct F6, F12
holding GLW Restricted Stock Unit 35.4K May 2, 2022 Common Stock 35.4K Direct F1, F13
holding GLW Restricted Stock Unit 16.5K May 2, 2022 Common Stock 16.5K Direct F1, F14
* 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 Represents the forfeiture of Restricted Stock Units awarded May 15, 2020, per terms of the May 2020 agreement approved by the Compensation Committee.
F3 Restricted Stock Units awarded May 15, 2020 were forfeited per terms of the May 2020 agreement approved by the Compensation Committee.
F4 Represents the forfeiture of Restricted Stock Units awarded April 1, 2022, per terms of the April 2022 agreement approved by the Compensation Committee.
F5 Restricted Stock Units awarded April 1, 2022 were forfeited per terms of the April 2022 agreement approved by the Compensation Committee.
F6 Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F7 Represents the forfeiture of Performance Share Units earned February 3, 2021, per terms of the May 15, 2020 agreement approved by the Compensation Committee.
F8 Performance Share Units earned February 3, 2021 were forfeited per terms of the May 15, 2020 agreement approved by the Compensation Committee.
F9 Earned Restricted Stock Units awarded May 15, 2020 remained restricted until May 2, 2022 when they vested and converted into Common Stock per terms of the May 2020 agreement approved by the Compensation Committee.
F10 Performance Share Units earned February 3, 2021 remained restricted until May 2, 2022 when they vested and converted into Common Stock per terms of the May 15, 2020 agreement approved by the Compensation Committee.
F11 Earned Performance Share Units remain restricted until February 2023, when they vest and convert to Common Stock per terms of the April 1, 2020 agreement approved by the Compensation Committee.
F12 Earned Performance Share Units remain restricted until February 2024, when they vest and convert to Common Stock per terms of the April 1, 2021 agreement approved by the Compensation Committee.
F13 Earned Restricted Stock Units remain restricted until November 1, 2022, when they vest and convert to Common Stock per terms of the April 1, 2020 agreement approved by the Compensation Committee.
F14 Earned Restricted Stock Units remain restricted until November 1, 2022, when they vest and convert to Common Stock per terms of the April 1, 2021 agreement approved by the Compensation Committee.