Wendell P. Weeks - Jan 5, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Chairman and CEO, Director
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Jan 5, 2023
Transactions value $
-$134,465
Form type
4
Date filed
1/9/2023, 03:16 PM
Previous filing
May 18, 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 +3.91K +0.57% $0.00 687K Jan 5, 2023 Direct F1
transaction GLW Common Stock Tax liability -$134K -3.91K -0.57% $34.39 683K Jan 5, 2023 Direct F2
holding GLW Common Stock 9.2K Jan 5, 2023 Held by Wife F3, F4
holding GLW Common Stock 6.58K Jan 5, 2023 Held By Wife - Emp. Ben. Plan F4
holding GLW Common Stock 10.8K Jan 5, 2023 Trustee U/employee Benefit Plan

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 -3.91K -3.75% $0.00 100K Jan 5, 2023 Common Stock 3.91K Direct F1, F5
holding GLW Restricted Stock Unit 148K Jan 5, 2023 Common Stock 148K Direct F1, F6
holding GLW Restricted Stock Unit 76.4K Jan 5, 2023 Common Stock 76.4K Direct F1, F7
holding GLW Restricted Stock Unit 2.9K Jan 5, 2023 Common Stock 2.9K Direct F1, F8
* 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 Ownership has been updated to reflect the transfer of 627,802 shares of Common Stock that the reporting person held indirectly by trust, into a directly held account.
F3 Ownership has been updated to reflect the transfer of 9,200 shares of Common Stock that the reporting person's wife held indirectly by trust, into an account directly held by wife.
F4 The Reporting Person disclaims beneficial ownership of all securities held by wife.
F5 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F6 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.
F7 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.
F8 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.