Robert P. France - Feb 8, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP, Human Resources
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 8, 2023
Transactions value $
-$13,564
Form type
4
Date filed
2/10/2023, 02:55 PM
Previous filing
Jan 9, 2023
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise +75 +0.34% 22.4K Feb 8, 2023 Direct F1
transaction GLW Common Stock Options Exercise +48 +0.21% 22.5K Feb 8, 2023 Direct F1
transaction GLW Common Stock Options Exercise +263 +1.17% 22.7K Feb 8, 2023 Direct F1
transaction GLW Common Stock Tax liability -$13.6K -386 -1.7% $35.14 22.3K Feb 8, 2023 Direct

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 Performance Share Unit Award $0 +2.09K $0.00 2.09K Feb 8, 2023 Common Stock 2.09K Direct F1, F2
transaction GLW Performance Share Unit Award $0 +1.35K +29.02% $0.00 6.02K Feb 8, 2023 Common Stock 1.35K Direct F1, F3
transaction GLW Performance Share Unit Award $0 +7.37K +40.46% $0.00 25.6K Feb 8, 2023 Common Stock 7.37K Direct F1, F4
transaction GLW Performance Share Unit Options Exercise -75 -3.59% 2.02K Feb 8, 2023 Common Stock 75 Direct F1, F2
transaction GLW Performance Share Unit Options Exercise -48 -0.8% 5.97K Feb 8, 2023 Common Stock 48 Direct F1, F3
transaction GLW Performance Share Unit Options Exercise -263 -1.03% 25.3K Feb 8, 2023 Common Stock 263 Direct F1, F4
* 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 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.
F3 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.
F4 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.