Martin J. Curran - 08 Feb 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Innovation Officer
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2023
Net transactions value
-$32,329
Form type
4
Filing time
10 Feb 2023, 14:52:46 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 +134 134 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +107 +80% 241 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +679 +282% 920 08 Feb 2023 Direct F1
transaction GLW Common Stock Tax liability $32,329 -920 -100% $35.14 0 08 Feb 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 28,806 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 +5,260 $0.000000 5,260 08 Feb 2023 Common Stock 5,260 Direct F2, F7, F8
transaction GLW Restricted Stock Unit Award $0 +19,287 $0.000000 19,287 08 Feb 2023 Common Stock 19,287 Direct F2, F9, F10
transaction GLW Performance Share Unit Award $0 +3,775 $0.000000 3,775 08 Feb 2023 Common Stock 3,775 Direct F1, F11
transaction GLW Performance Share Unit Award $0 +3,008 +29% $0.000000 13,369 08 Feb 2023 Common Stock 3,008 Direct F1, F12
transaction GLW Performance Share Unit Award $0 +19,148 +40% $0.000000 66,475 08 Feb 2023 Common Stock 19,148 Direct F1, F13
transaction GLW Performance Share Unit Options Exercise -134 -3.5% 3,641 08 Feb 2023 Common Stock 134 Direct F1, F11
transaction GLW Performance Share Unit Options Exercise -107 -0.8% 13,262 08 Feb 2023 Common Stock 107 Direct F1, F12
transaction GLW Performance Share Unit Options Exercise -679 -1% 65,796 08 Feb 2023 Common Stock 679 Direct F1, F13
holding GLW Restricted Stock Unit 29,316 08 Feb 2023 Common Stock 29,316 Direct F2, F3
holding GLW Restricted Stock Unit 12,892 08 Feb 2023 Common Stock 12,892 Direct F2, F4
holding GLW Restricted Stock Unit 16,216 08 Feb 2023 Common Stock 16,216 Direct F2, F5
holding GLW Restricted Stock Unit 8,270 08 Feb 2023 Common Stock 8,270 Direct F2, F6
holding GLW Restricted Stock Unit 955 08 Feb 2023 Common Stock 955 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 $140,000 of their cash compensation for 5,260 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 19,287 RSUs in exchange for the cash payment of $560,000 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.