Li Fang - May 16, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
President & GM, International
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 16, 2022
Transactions value $
-$159,562
Form type
4
Date filed
5/18/2022, 04:17 PM
Previous filing
Dec 15, 2021
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +581 $0.00 581 May 16, 2022 Direct F1
transaction GLW Common Stock Options Exercise $0 +3.95K +680.21% $0.00 4.53K May 16, 2022 Direct F1
transaction GLW Common Stock Disposed to Issuer -$160K -4.53K -100% $35.20 0 May 16, 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 -581 -49.96% $0.00 582 May 16, 2022 Common Stock 581 Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -3.95K -50% $0.00 3.95K May 16, 2022 Common Stock 3.95K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Corning Incorporated Common Stock.
F2 The cash-settled RSUs will vest ratably over three years from the May 15, 2020 grant date. Vested units will be settled 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.