Jaymin Amin - Jun 1, 2022 Form 3 Insider Report for CORNING INC /NY (GLW)

Role
SVP and Chief Tech. Officer
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
3
Date filed
6/1/2022, 04:18 PM
Next filing
Jul 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLW Common Stock 88.9K Jun 1, 2022 Direct F1
holding GLW Common Stock 2.34K Jun 1, 2022 Trustee u/Employee Benefit Plan F2

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
holding GLW Phantom Stock Jun 1, 2022 Common Stock 111 Direct F3
holding GLW Performance Share Unit Jun 1, 2022 Common Stock 14.5K Direct F4, F5
holding GLW Performance Share Unit Jun 1, 2022 Common Stock 3.63K Direct F5, F6
holding GLW Restricted Stock Unit Jun 1, 2022 Common Stock 9.03K Direct F7, F8
holding GLW Restricted Stock Unit Jun 1, 2022 Common Stock 4.6K Direct F8, F9
holding GLW Restricted Stock Unit Jun 1, 2022 Common Stock 6.6K Direct F8, F10
holding GLW Restricted Stock Unit Jun 1, 2022 Common Stock 7.83K Direct F8, F10
holding GLW Restricted Stock Unit Jun 1, 2022 Common Stock 2.98K Direct F8, F11
holding GLW Restricted Stock Unit Jun 1, 2022 Common Stock 517 Direct F8, F11
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.1K $20.82 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.09K $20.91 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.05K $21.30 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 15K $18.80 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.21K $22.68 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.39K $20.93 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.39K $20.92 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.54K $20.89 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.85K $18.67 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 2.54K $20.89 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 7.92K $27.00 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 9.16K $27.03 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 8.48K $33.92 Direct
holding GLW Stock Options (Right to Buy) Jun 1, 2022 Common Stock 7.75K $19.65 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 80,000 shares granted under Corning's Incentive Stock Plan that are subject to the restrictions and terms contained in the agreement dated December 5, 2018.
F2 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan.
F3 The reported Phantom Stock Units acquired pursuant to the terms of Corning's Supplemental Investment Plan and will be settled for cash at fair market value on or after the reporting person's retirement or other termination of service.
F4 Performance Share Units were earned February 3, 2021 and February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal years 2020 and 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F5 Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F6 Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F7 The Restricted Stock Units vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
F8 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F9 The Restricted Stock Units vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
F10 The Restricted Stock Units vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.
F11 The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date.
F12 On December 2, 2020, the Compensation Committee approved the early vesting of one half of the stock options granted on May 15, 2020. The remaining stock options will vest ratably over three years from the grand date.