Jaymin Amin - Apr 14, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP and Chief Tech. Officer
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 14, 2023
Transactions value $
-$410,230
Form type
4
Date filed
4/18/2023, 04:02 PM
Previous filing
Apr 5, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +19.4K +24.65% $0.00 98.1K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +8.71K +8.88% $0.00 107K Apr 14, 2023 Direct
transaction GLW Common Stock Tax liability -$410K -11.8K -11.05% $34.78 95K Apr 14, 2023 Direct
holding GLW Common Stock 2.42K Apr 14, 2023 Trustee u/Employee Benefit Plan F1

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 Options Exercise $0 -19.4K -100% $0.00* 0 Apr 14, 2023 Common Stock 19.4K Direct F5, F12
transaction GLW Restricted Stock Unit Options Exercise $0 -8.71K -100% $0.00* 0 Apr 14, 2023 Common Stock 8.71K Direct F2, F13
holding GLW Restricted Stock Unit 15.8K Apr 14, 2023 Common Stock 15.8K Direct F2, F3
holding GLW Restricted Stock Unit 3.24K Apr 14, 2023 Common Stock 3.24K Direct F2, F4
holding GLW Performance Share Unit 4.48K Apr 14, 2023 Common Stock 4.48K Direct F5, F6
holding GLW Performance Share Unit 3.07K Apr 14, 2023 Common Stock 3.07K Direct F5, F7
holding GLW Restricted Stock Unit 4.44K Apr 14, 2023 Common Stock 4.44K Direct F2, F8
holding GLW Restricted Stock Unit 6.37K Apr 14, 2023 Common Stock 6.37K Direct F2, F9
holding GLW Restricted Stock Unit 7.55K Apr 14, 2023 Common Stock 7.55K Direct F2, F9
holding GLW Restricted Stock Unit 16.3K Apr 14, 2023 Common Stock 16.3K Direct F2, F10
holding GLW Restricted Stock Unit 2.98K Apr 14, 2023 Common Stock 2.98K Direct F2, F11
holding GLW Restricted Stock Unit 517 Apr 14, 2023 Common Stock 517 Direct F2, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2023.
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 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.
F4 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F5 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6 Earned performance share units (PSUs) remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F7 Earned performance share units (PSUs) remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F8 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.
F9 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.
F10 The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F11 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.
F12 The performance share units vested 100% on April 14, 2023.
F13 The restricted stock units vested 100% on April 14, 2023.