Hansel E. Tookes II - 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, 03:14 PM
Previous filing
Dec 19, 2022
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLW Common Stock 86.9K Feb 8, 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 10K 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 +1.09K $0.00 1.09K Feb 8, 2023 Common Stock 1.09K 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 1.87K Feb 8, 2023 Common Stock 1.87K Direct F1, F3
* 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 $32,000 of their cash compensation for 1,093 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.