Jeffrey W. Evenson - 14 Apr 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Chief Strategy Off
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$1,253,193
Form type
4
Filing time
18 Apr 2023, 16:08:19 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 +51,458 +96% $0.000000 104,944 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +22,870 +22% $0.000000 127,814 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $1,253,193 -36,032 -28% $34.78 91,782 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 -51,458 -100% $0.000000* 0 14 Apr 2023 Common Stock 51,458 Direct F4, F11
transaction GLW Restricted Stock Unit Options Exercise $0 -22,870 -100% $0.000000* 0 14 Apr 2023 Common Stock 22,870 Direct F1, F12
holding GLW Restricted Stock Unit 19,700 14 Apr 2023 Common Stock 19,700 Direct F1, F2
holding GLW Restricted Stock Unit 5,373 14 Apr 2023 Common Stock 5,373 Direct F1, F3
holding GLW Performance Share Unit 11,935 14 Apr 2023 Common Stock 11,935 Direct F4, F5
holding GLW Performance Share Unit 3,685 14 Apr 2023 Common Stock 3,685 Direct F4, F6
holding GLW Restricted Stock Unit 11,577 14 Apr 2023 Common Stock 11,577 Direct F1, F7
holding GLW Restricted Stock Unit 16,415 14 Apr 2023 Common Stock 16,415 Direct F1, F8
holding GLW Restricted Stock Unit 18,026 14 Apr 2023 Common Stock 18,026 Direct F1, F9
holding GLW Restricted Stock Unit 7,507 14 Apr 2023 Common Stock 7,507 Direct F1, F10
holding GLW Restricted Stock Unit 867 14 Apr 2023 Common Stock 867 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.