Edward A. Schlesinger - Nov 1, 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
Nov 1, 2022
Transactions value $
-$53,008
Form type
4
Date filed
11/3/2022, 04:08 PM
Previous filing
Jul 19, 2022
Next filing
Jan 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +432 +0.84% $0.00 51.8K Nov 1, 2022 Direct F1
transaction GLW Common Stock Options Exercise $0 +282 +0.54% $0.00 52.1K Nov 1, 2022 Direct F1
transaction GLW Common Stock Options Exercise $0 +692 +1.33% $0.00 52.8K Nov 1, 2022 Direct F2
transaction GLW Common Stock Options Exercise $0 +222 +0.42% $0.00 53K Nov 1, 2022 Direct F2
transaction GLW Common Stock Tax liability -$53K -1.63K -3.07% $32.56 51.4K Nov 1, 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 -432 -4.59% $0.00 8.99K Nov 1, 2022 Common Stock 432 Direct F1, F3
transaction GLW Restricted Stock Unit Options Exercise $0 -282 -4.59% $0.00 5.86K Nov 1, 2022 Common Stock 282 Direct F1, F4
transaction GLW Performance Share Unit Options Exercise $0 -692 -4.59% $0.00 14.4K Nov 1, 2022 Common Stock 692 Direct F2, F3
transaction GLW Performance Share Unit Options Exercise $0 -222 -4.59% $0.00 4.61K Nov 1, 2022 Common Stock 222 Direct F2, F4
holding GLW Restricted Stock Unit 16.5K Nov 1, 2022 Common Stock 16.5K Direct F1, F5
holding GLW Restricted Stock Unit 3.78K Nov 1, 2022 Common Stock 3.78K Direct F1, F6
holding GLW Restricted Stock Unit 595 Nov 1, 2022 Common Stock 595 Direct F1, F6
* 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 Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F3 Vesting to satisfy tax requirement pursuant to the 2020 agreement.
F4 Vesting to satisfy tax requirement pursuant to the 2021 agreement.
F5 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.
F6 The Restricted Stock Units vest ratably over three years from grant date. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.