Edward A. Schlesinger - May 16, 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 16, 2022
Transactions value $
-$78,602
Form type
4
Date filed
5/18/2022, 04:25 PM
Previous filing
Apr 20, 2022
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +3.78K +7.09% $0.00 57.1K May 16, 2022 Direct
transaction GLW Common Stock Options Exercise $0 +595 +1.04% $0.00 57.7K May 16, 2022 Direct
transaction GLW Common Stock Tax liability -$78.6K -2.23K -3.87% $35.20 55.5K 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 -3.78K -49.99% $0.00 3.78K May 16, 2022 Common Stock 3.78K Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -595 -50% $0.00 595 May 16, 2022 Common Stock 595 Direct F1, F2
holding GLW Restricted Stock Unit 9.42K May 16, 2022 Common Stock 9.42K Direct F1, F3
holding GLW Restricted Stock Unit 6.14K May 16, 2022 Common Stock 6.14K Direct F1, F4
holding GLW Restricted Stock Unit 16.5K May 16, 2022 Common Stock 16.5K Direct F1, F5
* 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 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.
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 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.
F5 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.