Li Fang - Feb 8, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
President & GM, International
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 8, 2023
Transactions value $
$0
Form type
4
Date filed
2/10/2023, 02:54 PM
Previous filing
May 18, 2022
Next filing
Mar 8, 2023

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 +2.94K $0.00 2.94K Feb 8, 2023 Common Stock 2.94K Direct F1, F3, F4
transaction GLW Restricted Stock Unit Award $0 +11.7K $0.00 11.7K Feb 8, 2023 Common Stock 11.7K Direct F1, F5, F6
holding GLW Restricted Stock Unit 3.95K Feb 8, 2023 Common Stock 3.95K Direct F1, F2
holding GLW Restricted Stock Unit 582 Feb 8, 2023 Common Stock 582 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Corning Incorporated common stock.
F2 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.
F3 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 $78,129 of their cash compensation for 2,936 RSUs.
F4 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F5 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 11,660 RSUs in exchange for the cash payment of $338,558 under the PIP.
F6 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.