Ronald L. Verkleeren - Feb 8, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP & GM, Life Sciences
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, 03:02 PM
Previous filing
May 18, 2022
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GLW Common Stock 14.7K 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 +4.32K $0.00 4.32K Feb 8, 2023 Common Stock 4.32K Direct F1, F6, F7
transaction GLW Restricted Stock Unit Award $0 +14.9K $0.00 14.9K Feb 8, 2023 Common Stock 14.9K Direct F1, F8, F9
transaction GLW Performance Share Unit Award $0 +3.18K $0.00 3.18K Feb 8, 2023 Common Stock 3.18K Direct F10, F11
transaction GLW Performance Share Unit Award $0 +2.11K +28% $0.00 9.62K Feb 8, 2023 Common Stock 2.11K Direct F10, F12
transaction GLW Performance Share Unit Award $0 +7.48K +39.05% $0.00 26.6K Feb 8, 2023 Common Stock 7.48K Direct F10, F13
holding GLW Restricted Stock Unit 8.63K Feb 8, 2023 Common Stock 8.63K Direct F1, F2
holding GLW Restricted Stock Unit 9.55K Feb 8, 2023 Common Stock 9.55K Direct F1, F3
holding GLW Restricted Stock Unit 14.4K Feb 8, 2023 Common Stock 14.4K Direct F1, F4
holding GLW Restricted Stock Unit 3.32K Feb 8, 2023 Common Stock 3.32K Direct F1, F2
holding GLW Restricted Stock Unit 2.93K Feb 8, 2023 Common Stock 2.93K Direct F1, F5
holding GLW Restricted Stock Unit 508 Feb 8, 2023 Common Stock 508 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 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.
F3 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.
F4 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.
F5 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.
F6 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 $115,000 of their cash compensation for 4,321 RSUs.
F7 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F8 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 14,853 RSUs in exchange for the cash payment of $431,250 under the PIP.
F9 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.
F10 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
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 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F12 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.
F13 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.