John P. Bayne JR - Apr 14, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP &GM, Mobile Consumer Elec.
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 14, 2023
Transactions value $
-$808,948
Form type
4
Date filed
4/18/2023, 04:04 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 +34.6K $0.00 34.6K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +12.9K +37.21% $0.00 47.5K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +2.67K +5.62% $0.00 50.2K Apr 14, 2023 Direct
transaction GLW Common Stock Tax liability -$809K -23.3K -46.35% $34.78 26.9K Apr 14, 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 7.35K Apr 14, 2023 By Trust

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 -34.6K -100% $0.00* 0 Apr 14, 2023 Common Stock 34.6K Direct F4, F11
transaction GLW Restricted Stock Unit Options Exercise $0 -12.9K -100% $0.00* 0 Apr 14, 2023 Common Stock 12.9K Direct F1, F12
transaction GLW Restricted Stock Unit Options Exercise $0 -2.67K -100% $0.00* 0 Apr 14, 2023 Common Stock 2.67K Direct F1, F12
holding GLW Restricted Stock Unit 14.9K Apr 14, 2023 Common Stock 14.9K Direct F1, F2
holding GLW Restricted Stock Unit 2.16K Apr 14, 2023 Common Stock 2.16K Direct F1, F3
holding GLW Performance Share Unit 9.28K Apr 14, 2023 Common Stock 9.28K Direct F4, F5
holding GLW Performance Share Unit 3.07K Apr 14, 2023 Common Stock 3.07K Direct F4, F6
holding GLW Restricted Stock Unit 8.94K Apr 14, 2023 Common Stock 8.94K Direct F1, F7
holding GLW Restricted Stock Unit 13.6K Apr 14, 2023 Common Stock 13.6K Direct F1, F8
holding GLW Restricted Stock Unit 15K Apr 14, 2023 Common Stock 15K Direct F1, F9
holding GLW Restricted Stock Unit 4.28K Apr 14, 2023 Common Stock 4.28K Direct F1, F10
holding GLW Restricted Stock Unit 617 Apr 14, 2023 Common Stock 617 Direct F1, F10
* 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 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.
F3 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 The performance share units vested 100% on April 14, 2023.
F12 The restricted stock units vested 100% on April 14, 2023.