Cheryl C. Capps - 14 Apr 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP & Chief Supply Chain Off.
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$463,757
Form type
4
Filing time
18 Apr 2023, 16:06:53 UTC
Previous filing
05 Apr 2023
Next filing
02 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 +25,361 +24% $0.000000 130,788 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +11,120 +8.5% $0.000000 141,908 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $463,757 -13,334 -9.4% $34.78 128,574 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 -25,361 -100% $0.000000* 0 14 Apr 2023 Common Stock 25,361 Direct F4, F11
transaction GLW Restricted Stock Unit Options Exercise $0 -11,120 -100% $0.000000* 0 14 Apr 2023 Common Stock 11,120 Direct F1, F12
holding GLW Restricted Stock Unit 11,016 14 Apr 2023 Common Stock 11,016 Direct F1, F2
holding GLW Restricted Stock Unit 1,002 14 Apr 2023 Common Stock 1,002 Direct F1, F3
holding GLW Performance Share Unit 6,652 14 Apr 2023 Common Stock 6,652 Direct F4, F5
holding GLW Performance Share Unit 2,112 14 Apr 2023 Common Stock 2,112 Direct F4, F6
holding GLW Restricted Stock Unit 6,373 14 Apr 2023 Common Stock 6,373 Direct F1, F7
holding GLW Restricted Stock Unit 9,304 14 Apr 2023 Common Stock 9,304 Direct F1, F8
holding GLW Restricted Stock Unit 11,588 14 Apr 2023 Common Stock 11,588 Direct F1, F9
holding GLW Restricted Stock Unit 3,902 14 Apr 2023 Common Stock 3,902 Direct F1, F10
holding GLW Restricted Stock Unit 615 14 Apr 2023 Common Stock 615 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.