Robert P. France - 14 Apr 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Senior VP, Human Resources
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$544,724
Form type
4
Filing time
18 Apr 2023, 16:09:19 UTC
Previous filing
10 Feb 2023
Next filing
03 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 +25,305 +113% $0.000000 47,647 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +11,116 +23% $0.000000 58,763 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $544,724 -15,662 -27% $34.78 43,101 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 -25,305 -100% $0.000000* 0 14 Apr 2023 Common Stock 25,305 Direct F1, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -11,116 -100% $0.000000* 0 14 Apr 2023 Common Stock 11,116 Direct F4, F9
holding GLW Performance Share Unit 5,967 14 Apr 2023 Common Stock 5,967 Direct F1, F2
holding GLW Performance Share Unit 2,017 14 Apr 2023 Common Stock 2,017 Direct F1, F3
holding GLW Restricted Stock Unit 5,650 14 Apr 2023 Common Stock 5,650 Direct F4, F5
holding GLW Restricted Stock Unit 8,835 14 Apr 2023 Common Stock 8,835 Direct F4, F6
holding GLW Restricted Stock Unit 4,962 14 Apr 2023 Common Stock 4,962 Direct F4, F7
holding GLW Restricted Stock Unit 662 14 Apr 2023 Common Stock 662 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 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.
F3 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.
F4 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F5 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.
F6 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.
F7 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.
F8 The performance share units vested 100% on April 14, 2023.
F9 The restricted stock units vested 100% on April 14, 2023.