Jaymin Amin - 08 Feb 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP and Chief Tech. Officer
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2023
Net transactions value
$0
Form type
4
Filing time
10 Feb 2023, 14:47:14 UTC
Previous filing
19 Jul 2022
Next filing
30 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLW Common Stock 78,676 08 Feb 2023 Direct
holding GLW Common Stock 2,359 08 Feb 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 Award $0 +3,241 $0.000000 3,241 08 Feb 2023 Common Stock 3,241 Direct F1, F6, F7
transaction GLW Restricted Stock Unit Award $0 +15,843 $0.000000 15,843 08 Feb 2023 Common Stock 15,843 Direct F1, F8, F9
transaction GLW Performance Share Unit Award $0 +3,182 $0.000000 3,182 08 Feb 2023 Common Stock 3,182 Direct F10, F11
transaction GLW Performance Share Unit Award $0 +1,015 +28% $0.000000 4,641 08 Feb 2023 Common Stock 1,015 Direct F10, F12
transaction GLW Performance Share Unit Award $0 +5,646 +39% $0.000000 20,107 08 Feb 2023 Common Stock 5,646 Direct F10, F13
holding GLW Restricted Stock Unit 9,027 08 Feb 2023 Common Stock 9,027 Direct F1, F2
holding GLW Restricted Stock Unit 4,603 08 Feb 2023 Common Stock 4,603 Direct F1, F3
holding GLW Restricted Stock Unit 6,601 08 Feb 2023 Common Stock 6,601 Direct F1, F4
holding GLW Restricted Stock Unit 7,830 08 Feb 2023 Common Stock 7,830 Direct F1, F4
holding GLW Restricted Stock Unit 2,979 08 Feb 2023 Common Stock 2,979 Direct F1, F5
holding GLW Restricted Stock Unit 517 08 Feb 2023 Common Stock 517 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 The restricted stock units (RSUs) vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F3 The restricted stock units (RSUs) vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F4 The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F5 The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date.
F6 Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $86,250 of their cash compensation for 3,241 RSUs.
F7 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F8 The reporting person was granted restricted stock units (RSUs) in lieu of the cash payment to be paid under the 2023 performance incentive plan (PIP). The reporting person was granted 15,843 RSUs in exchange for the cash payment of $460,000 under the PIP.
F9 The restricted stock units (RSUs) vest 1/3 after 1 year from grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F10 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F11 Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F12 Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F13 Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.