Robert P. France - 08 Feb 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP, Human Resources
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2023
Net transactions value
-$13,564
Form type
4
Filing time
10 Feb 2023, 14:55:45 UTC
Previous filing
09 Jan 2023
Next filing
18 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 +75 +0.34% 22,417 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +48 +0.21% 22,465 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +263 +1.2% 22,728 08 Feb 2023 Direct F1
transaction GLW Common Stock Tax liability $13,564 -386 -1.7% $35.14 22,342 08 Feb 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 +2,092 $0.000000 2,092 08 Feb 2023 Common Stock 2,092 Direct F1, F2
transaction GLW Performance Share Unit Award $0 +1,353 +29% $0.000000 6,015 08 Feb 2023 Common Stock 1,353 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +7,365 +40% $0.000000 25,568 08 Feb 2023 Common Stock 7,365 Direct F1, F4
transaction GLW Performance Share Unit Options Exercise -75 -3.6% 2,017 08 Feb 2023 Common Stock 75 Direct F1, F2
transaction GLW Performance Share Unit Options Exercise -48 -0.8% 5,967 08 Feb 2023 Common Stock 48 Direct F1, F3
transaction GLW Performance Share Unit Options Exercise -263 -1% 25,305 08 Feb 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.