Stefan Becker - 14 Apr 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP & Controller
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$459,896
Form type
4
Filing time
18 Apr 2023, 16:05:08 UTC
Previous filing
05 Apr 2023
Next filing
17 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +20,982 +209% $0.000000 31,001 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +9,419 +30% $0.000000 40,420 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $459,896 -13,223 -33% $34.78 27,197 14 Apr 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 Performance Share Unit Options Exercise $0 -20,982 -100% $0.000000* 0 14 Apr 2023 Common Stock 20,982 Direct F4, F11
transaction GLW Restricted Stock Unit Options Exercise $0 -9,419 -100% $0.000000* 0 14 Apr 2023 Common Stock 9,419 Direct F1, F12
holding GLW Restricted Stock Unit 12,657 14 Apr 2023 Common Stock 12,657 Direct F1, F2
holding GLW Restricted Stock Unit 3,945 14 Apr 2023 Common Stock 3,945 Direct F1, F3
holding GLW Performance Share Unit 6,187 14 Apr 2023 Common Stock 6,187 Direct F4, F5
holding GLW Performance Share Unit 2,911 14 Apr 2023 Common Stock 2,911 Direct F4, F6
holding GLW Restricted Stock Unit 6,138 14 Apr 2023 Common Stock 6,138 Direct F1, F7
holding GLW Restricted Stock Unit 13,201 14 Apr 2023 Common Stock 13,201 Direct F1, F8
holding GLW Restricted Stock Unit 13,734 14 Apr 2023 Common Stock 13,734 Direct F1, F9
holding GLW Restricted Stock Unit 3,574 14 Apr 2023 Common Stock 3,574 Direct F1, F10
holding GLW Restricted Stock Unit 563 14 Apr 2023 Common Stock 563 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.