Martin J. Curran - 14 Apr 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Innovation Officer
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$1,611,010
Form type
4
Filing time
18 Apr 2023, 16:07:35 UTC
Previous filing
05 Apr 2023
Next filing
09 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 +65,796 $0.000000 65,796 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +29,316 +45% $0.000000 95,112 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $1,611,010 -46,320 -49% $34.78 48,792 14 Apr 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 28,806 14 Apr 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 -65,796 -100% $0.000000* 0 14 Apr 2023 Common Stock 65,796 Direct F4, F11
transaction GLW Restricted Stock Unit Options Exercise $0 -29,316 -100% $0.000000* 0 14 Apr 2023 Common Stock 29,316 Direct F1, F12
holding GLW Restricted Stock Unit 19,287 14 Apr 2023 Common Stock 19,287 Direct F1, F2
holding GLW Restricted Stock Unit 5,260 14 Apr 2023 Common Stock 5,260 Direct F1, F3
holding GLW Performance Share Unit 13,262 14 Apr 2023 Common Stock 13,262 Direct F4, F5
holding GLW Performance Share Unit 3,641 14 Apr 2023 Common Stock 3,641 Direct F4, F6
holding GLW Restricted Stock Unit 12,892 14 Apr 2023 Common Stock 12,892 Direct F1, F7
holding GLW Restricted Stock Unit 16,216 14 Apr 2023 Common Stock 16,216 Direct F1, F8
holding GLW Restricted Stock Unit 17,811 14 Apr 2023 Common Stock 17,811 Direct F1, F9
holding GLW Restricted Stock Unit 8,270 14 Apr 2023 Common Stock 8,270 Direct F1, F10
holding GLW Restricted Stock Unit 955 14 Apr 2023 Common Stock 955 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.