John P. Bayne JR - May 16, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP &GM, Mobile Consumer Elec.
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 16, 2022
Transactions value $
-$87,930
Form type
4
Date filed
5/18/2022, 04:05 PM
Previous filing
Apr 20, 2022
Next filing
Aug 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +4.28K $0.00 4.28K May 16, 2022 Direct
transaction GLW Common Stock Options Exercise $0 +616 +14.41% $0.00 4.89K May 16, 2022 Direct
transaction GLW Common Stock Tax liability -$87.9K -2.5K -51.07% $35.20 2.39K May 16, 2022 Direct
holding GLW Common Stock - Jt. Tenant W/wife 10.5K May 16, 2022 By 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 -4.28K -50% $0.00 4.28K May 16, 2022 Common Stock 4.28K Direct F2, F3
transaction GLW Restricted Stock Unit Options Exercise $0 -616 -49.96% $0.00 617 May 16, 2022 Common Stock 616 Direct F2, F3
holding GLW Restricted Stock Unit 12.9K May 16, 2022 Common Stock 12.9K Direct F2, F4
holding GLW Restricted Stock Unit 2.67K May 16, 2022 Common Stock 2.67K Direct F2, F4
holding GLW Restricted Stock Unit 8.94K May 16, 2022 Common Stock 8.94K Direct F2, F5
holding GLW Restricted Stock Unit 14.4K May 16, 2022 Common Stock 14.4K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership has been updated to reflect the transfer of 10,527 shares of Common Stock that the reporting person owned individually into a joint trust account held with spouse.
F2 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F3 The restricted stock units will vest ratably over three years from the May 15, 2020 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.
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 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.