Lawrence D. McRae - Apr 14, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Vice Chairman & Corp. Dev. Off
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 14, 2023
Transactions value $
-$2,108,224
Form type
4
Date filed
4/18/2023, 04:10 PM
Previous filing
Apr 5, 2023
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +86K +58.83% $0.00 232K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +38.4K +16.54% $0.00 271K Apr 14, 2023 Direct
transaction GLW Common Stock Tax liability -$2.11M -60.6K -22.39% $34.78 210K Apr 14, 2023 Direct
holding GLW Common Stock 786 Apr 14, 2023 Held By Wife - Emp. Benefit Plan F1, F2
holding GLW Common Stock 5.86K Apr 14, 2023 Trustee U/employee Benefit Plan F1

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 -86K -100% $0.00* 0 Apr 14, 2023 Common Stock 86K Direct F5, F13
transaction GLW Restricted Stock Unit Options Exercise $0 -38.4K -100% $0.00* 0 Apr 14, 2023 Common Stock 38.4K Direct F3, F14
holding GLW Restricted Stock Unit 752 Apr 14, 2023 Common Stock 752 Direct F3, F4
holding GLW Performance Share Unit 17.2K Apr 14, 2023 Common Stock 17.2K Direct F5, F6
holding GLW Performance Share Unit 4.56K Apr 14, 2023 Common Stock 4.56K Direct F5, F7
holding GLW Performance Share Unit 11.9K Apr 14, 2023 Common Stock 11.9K Direct F5, F8
holding GLW Restricted Stock Unit 16.9K Apr 14, 2023 Common Stock 16.9K Direct F3, F9
holding GLW Restricted Stock Unit 20.4K Apr 14, 2023 Common Stock 20.4K Direct F3, F10
holding GLW Restricted Stock Unit 22.3K Apr 14, 2023 Common Stock 22.3K Direct F3, F11
holding GLW Restricted Stock Unit 1.21K Apr 14, 2023 Common Stock 1.21K Direct F3, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2023.
F2 The reporting person disclaims beneficial ownership of all securities held by spouse.
F3 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F5 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6 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.
F7 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.
F8 Performance share units (PSUs) were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned PSUs remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to common stock, subject to service-based vesting requirement.
F9 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.
F10 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.
F11 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.
F12 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.
F13 The performance share units vested 100% on April 14, 2023.
F14 The restricted stock units vested 100% on April 14, 2023.