Lewis A. Steverson - 08 Feb 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2023
Net transactions value
-$44,136
Form type
4
Filing time
10 Feb 2023, 15:01:39 UTC
Previous filing
09 Jan 2023
Next filing
05 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise +246 246 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +184 +75% 430 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +826 +192% 1,256 08 Feb 2023 Direct F1
transaction GLW Common Stock Tax liability $44,136 -1,256 -100% $35.14 0 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 Restricted Stock Unit Award $0 +2,909 $0.000000 2,909 08 Feb 2023 Common Stock 2,909 Direct F2, F7, F8
transaction GLW Performance Share Unit Award $0 +6,913 $0.000000 6,913 08 Feb 2023 Common Stock 6,913 Direct F1, F9
transaction GLW Performance Share Unit Award $0 +5,188 +29% $0.000000 23,060 08 Feb 2023 Common Stock 5,188 Direct F1, F10
transaction GLW Performance Share Unit Award $0 +23,273 +40% $0.000000 80,793 08 Feb 2023 Common Stock 23,273 Direct F1, F11
transaction GLW Performance Share Unit Options Exercise -246 -3.6% 6,667 08 Feb 2023 Common Stock 246 Direct F1, F9
transaction GLW Performance Share Unit Options Exercise -184 -0.8% 22,876 08 Feb 2023 Common Stock 184 Direct F1, F10
transaction GLW Performance Share Unit Options Exercise -826 -1% 79,967 08 Feb 2023 Common Stock 826 Direct F1, F11
holding GLW Restricted Stock Unit 35,689 08 Feb 2023 Common Stock 35,689 Direct F2, F3
holding GLW Restricted Stock Unit 22,430 08 Feb 2023 Common Stock 22,430 Direct F2, F4
holding GLW Restricted Stock Unit 29,955 08 Feb 2023 Common Stock 29,955 Direct F2, F5
holding GLW Restricted Stock Unit 9,966 08 Feb 2023 Common Stock 9,966 Direct F2, F6
holding GLW Restricted Stock Unit 1,116 08 Feb 2023 Common Stock 1,116 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 $85,180 of their cash compensation for 2,909 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.