John P. Bayne JR - Feb 8, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP &GM, Mobile Consumer Elec.
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 8, 2023
Transactions value $
-$19,186
Form type
4
Date filed
2/10/2023, 02:48 PM
Previous filing
Jan 9, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise +113 113 Feb 8, 2023 Direct F1
transaction GLW Common Stock Options Exercise +75 +66.37% 188 Feb 8, 2023 Direct F1
transaction GLW Common Stock Options Exercise +358 +190.43% 546 Feb 8, 2023 Direct F1
transaction GLW Common Stock Tax liability -$19.2K -546 -100% $35.14 0 Feb 8, 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 7.35K Feb 8, 2023 By Trust

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 +2.16K $0.00 2.16K Feb 8, 2023 Common Stock 2.16K Direct F2, F7, F8
transaction GLW Restricted Stock Unit Award $0 +14.9K $0.00 14.9K Feb 8, 2023 Common Stock 14.9K Direct F2, F9, F10
transaction GLW Performance Share Unit Award $0 +3.18K $0.00 3.18K Feb 8, 2023 Common Stock 3.18K Direct F1, F11
transaction GLW Performance Share Unit Award $0 +2.11K +29.03% $0.00 9.36K Feb 8, 2023 Common Stock 2.11K Direct F1, F12
transaction GLW Performance Share Unit Award $0 +10.1K +40.46% $0.00 35K Feb 8, 2023 Common Stock 10.1K Direct F1, F13
transaction GLW Performance Share Unit Options Exercise -113 -3.55% 3.07K Feb 8, 2023 Common Stock 113 Direct F1, F11
transaction GLW Performance Share Unit Options Exercise -75 -0.8% 9.28K Feb 8, 2023 Common Stock 75 Direct F1, F12
transaction GLW Performance Share Unit Options Exercise -358 -1.02% 34.6K Feb 8, 2023 Common Stock 358 Direct F1, F13
holding GLW Restricted Stock Unit 12.9K Feb 8, 2023 Common Stock 12.9K Direct F2, F3
holding GLW Restricted Stock Unit 8.94K Feb 8, 2023 Common Stock 8.94K Direct F2, F4
holding GLW Restricted Stock Unit 13.6K Feb 8, 2023 Common Stock 13.6K Direct F2, F5
holding GLW Restricted Stock Unit 2.67K Feb 8, 2023 Common Stock 2.67K Direct F2, F3
holding GLW Restricted Stock Unit 4.28K Feb 8, 2023 Common Stock 4.28K Direct F2, F6
holding GLW Restricted Stock Unit 617 Feb 8, 2023 Common Stock 617 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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 $57,500 of their cash compensation for 2,161 RSUs.
F8 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F9 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 14,853 RSUs in exchange for the cash payment of $431,250 under the PIP.
F10 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.
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.