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

Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 14, 2023
Transactions value $
-$544,724
Form type
4
Date filed
4/18/2023, 04:09 PM
Previous filing
Feb 10, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +25.3K +113.26% $0.00 47.6K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +11.1K +23.33% $0.00 58.8K Apr 14, 2023 Direct
transaction GLW Common Stock Tax liability -$545K -15.7K -26.65% $34.78 43.1K Apr 14, 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 -25.3K -100% $0.00* 0 Apr 14, 2023 Common Stock 25.3K Direct F1, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -11.1K -100% $0.00* 0 Apr 14, 2023 Common Stock 11.1K Direct F4, F9
holding GLW Performance Share Unit 5.97K Apr 14, 2023 Common Stock 5.97K Direct F1, F2
holding GLW Performance Share Unit 2.02K Apr 14, 2023 Common Stock 2.02K Direct F1, F3
holding GLW Restricted Stock Unit 5.65K Apr 14, 2023 Common Stock 5.65K Direct F4, F5
holding GLW Restricted Stock Unit 8.84K Apr 14, 2023 Common Stock 8.84K Direct F4, F6
holding GLW Restricted Stock Unit 4.96K Apr 14, 2023 Common Stock 4.96K Direct F4, F7
holding GLW Restricted Stock Unit 662 Apr 14, 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.