Edward A. Schlesinger - Feb 8, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
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, 02:59 PM
Previous filing
Jan 9, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise +129 +0.25% 51.5K Feb 8, 2023 Direct F1
transaction GLW Common Stock Options Exercise +48 +0.09% 51.5K Feb 8, 2023 Direct F1
transaction GLW Common Stock Options Exercise +209 +0.41% 51.8K Feb 8, 2023 Direct F1
transaction GLW Common Stock Tax liability -$13.6K -386 -0.75% $35.14 51.4K 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 Restricted Stock Unit Award $0 +2.78K $0.00 2.78K Feb 8, 2023 Common Stock 2.78K Direct F2, F7, F8
transaction GLW Performance Share Unit Award $0 +3.64K $0.00 3.64K Feb 8, 2023 Common Stock 3.64K Direct F1, F9
transaction GLW Performance Share Unit Award $0 +1.35K +29.34% $0.00 5.97K Feb 8, 2023 Common Stock 1.35K Direct F1, F10
transaction GLW Performance Share Unit Award $0 +5.89K +40.92% $0.00 20.3K Feb 8, 2023 Common Stock 5.89K Direct F1, F11
transaction GLW Performance Share Unit Options Exercise -129 -3.54% 3.51K Feb 8, 2023 Common Stock 129 Direct F1, F9
transaction GLW Performance Share Unit Options Exercise -48 -0.8% 5.92K Feb 8, 2023 Common Stock 48 Direct F1, F10
transaction GLW Performance Share Unit Options Exercise -209 -1.03% 20.1K Feb 8, 2023 Common Stock 209 Direct F1, F11
holding GLW Restricted Stock Unit 8.99K Feb 8, 2023 Common Stock 8.99K Direct F2, F3
holding GLW Restricted Stock Unit 5.86K Feb 8, 2023 Common Stock 5.86K Direct F2, F4
holding GLW Restricted Stock Unit 15.6K Feb 8, 2023 Common Stock 15.6K Direct F2, F5
holding GLW Restricted Stock Unit 3.78K Feb 8, 2023 Common Stock 3.78K Direct F2, F6
holding GLW Restricted Stock Unit 595 Feb 8, 2023 Common Stock 595 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 $81,250 of their cash compensation for 2,775 RSUs.
F8 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F9 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.
F10 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.
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 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.