John P. Bayne JR - Jan 5, 2023 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
Jan 5, 2023
Transactions value $
-$28,234
Form type
4
Date filed
1/9/2023, 03:03 PM
Previous filing
Aug 3, 2022
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 +821 $0.00 821 Jan 5, 2023 Direct F1
transaction GLW Common Stock Tax liability -$28.2K -821 -100% $34.39 0 Jan 5, 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 7.35K Jan 5, 2023 By Trust

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 -821 -5.69% $0.00 13.6K Jan 5, 2023 Common Stock 821 Direct F1, F2
holding GLW Restricted Stock Unit 12.9K Jan 5, 2023 Common Stock 12.9K Direct F1, F3
holding GLW Restricted Stock Unit 8.94K Jan 5, 2023 Common Stock 8.94K Direct F1, F4
holding GLW Restricted Stock Unit 2.67K Jan 5, 2023 Common Stock 2.67K Direct F1, F3
holding GLW Restricted Stock Unit 4.28K Jan 5, 2023 Common Stock 4.28K Direct F1, F5
holding GLW Restricted Stock Unit 617 Jan 5, 2023 Common Stock 617 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 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F3 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.
F4 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.
F5 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.