John P. Bayne Jr. - 08 Feb 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP &GM, Mobile Consumer Elec.
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2023
Net transactions value
-$19,186
Form type
4
Filing time
10 Feb 2023, 14:48:13 UTC
Previous filing
09 Jan 2023
Next filing
05 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise +113 113 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +75 +66% 188 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +358 +190% 546 08 Feb 2023 Direct F1
transaction GLW Common Stock Tax liability $19,186 -546 -100% $35.14 0 08 Feb 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 7,345 08 Feb 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 +2,161 $0.000000 2,161 08 Feb 2023 Common Stock 2,161 Direct F2, F7, F8
transaction GLW Restricted Stock Unit Award $0 +14,853 $0.000000 14,853 08 Feb 2023 Common Stock 14,853 Direct F2, F9, F10
transaction GLW Performance Share Unit Award $0 +3,184 $0.000000 3,184 08 Feb 2023 Common Stock 3,184 Direct F1, F11
transaction GLW Performance Share Unit Award $0 +2,105 +29% $0.000000 9,356 08 Feb 2023 Common Stock 2,105 Direct F1, F12
transaction GLW Performance Share Unit Award $0 +10,077 +40% $0.000000 34,982 08 Feb 2023 Common Stock 10,077 Direct F1, F13
transaction GLW Performance Share Unit Options Exercise -113 -3.5% 3,071 08 Feb 2023 Common Stock 113 Direct F1, F11
transaction GLW Performance Share Unit Options Exercise -75 -0.8% 9,281 08 Feb 2023 Common Stock 75 Direct F1, F12
transaction GLW Performance Share Unit Options Exercise -358 -1% 34,624 08 Feb 2023 Common Stock 358 Direct F1, F13
holding GLW Restricted Stock Unit 12,885 08 Feb 2023 Common Stock 12,885 Direct F2, F3
holding GLW Restricted Stock Unit 8,939 08 Feb 2023 Common Stock 8,939 Direct F2, F4
holding GLW Restricted Stock Unit 13,618 08 Feb 2023 Common Stock 13,618 Direct F2, F5
holding GLW Restricted Stock Unit 2,669 08 Feb 2023 Common Stock 2,669 Direct F2, F3
holding GLW Restricted Stock Unit 4,275 08 Feb 2023 Common Stock 4,275 Direct F2, F6
holding GLW Restricted Stock Unit 617 08 Feb 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.