Cheryl C. Capps - 05 Jan 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP & Chief Supply Chain Off.
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
05 Jan 2023
Transactions value $
-$20,531
Form type
4
Filing time
09 Jan 2023, 15:06:14 UTC
Previous filing
03 Jun 2022
Next filing
10 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +597 +0.57% $0.00 106K 05 Jan 2023 Direct F1
transaction GLW Common Stock Tax liability -$20.5K -597 -0.56% $34.39 105K 05 Jan 2023 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 -597 -6.03% $0.00 9.3K 05 Jan 2023 Common Stock 597 Direct F1, F2
holding GLW Restricted Stock Unit 11.1K 05 Jan 2023 Common Stock 11.1K Direct F1, F3
holding GLW Restricted Stock Unit 6.37K 05 Jan 2023 Common Stock 6.37K Direct F1, F4
holding GLW Restricted Stock Unit 3.9K 05 Jan 2023 Common Stock 3.9K Direct F1, F5
holding GLW Restricted Stock Unit 615 05 Jan 2023 Common Stock 615 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 vest 50% on May 15, 2022 and 100% on May 15, 2023. 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 date.