Kevin J. Martin - Feb 8, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Director
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 8, 2023
Transactions value $
$0
Form type
4
Date filed
2/9/2023, 03:12 PM
Previous filing
Jan 3, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLW Common Stock 31.5K Feb 8, 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 Award $0 +888 $0.00 888 Feb 8, 2023 Common Stock 888 Direct F1, F2, F3
transaction GLW Restricted Stock Unit Award $0 +6.12K +18.36% $0.00 39.5K Feb 8, 2023 Common Stock 6.12K Direct F3, F4
holding GLW Restricted Stock Unit 1.54K Feb 8, 2023 Common Stock 1.54K Direct F1, F3
holding GLW Restricted Stock Unit 11.2K Feb 8, 2023 Common Stock 11.2K Direct F5, 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 The board of directors were provided the opportunity to voluntarily exchange a portion of any or all of the cash fees payable for service on the board and any committees for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $26,000 of their cash compensation for 888 RSUs.
F3 Conversion of restricted stock units to the Company's common stock and distribution of such stock is deferred until a specific date as elected by the participant or termination of service as a Corning director.
F4 Represents annual equity retainer in the form of restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Corning Incorporated common stock.
F5 Represents restricted stock units (RSUs) granted under the Non-Employee Directors' Deferred Compensation Plan. Each RSU represents a contingent right to receive one share of Corning Incorporated common stock.
F6 Conversion of restricted stock units to the Company's common stock and distribution of such stock under the Non-Employee Directors' Deferred Compensation Plan is deferred until a specific date as elected by the participant or termination of service as a Corning director.