Anne Mullins - Apr 14, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Senior Vice President
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 14, 2023
Transactions value $
-$916,383
Form type
4
Date filed
4/18/2023, 04:11 PM
Previous filing
Feb 10, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +40.5K +477.03% $0.00 49K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +18.1K +36.87% $0.00 67.1K Apr 14, 2023 Direct
transaction GLW Common Stock Tax liability -$916K -26.3K -39.25% $34.78 40.8K 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 -40.5K -100% $0.00* 0 Apr 14, 2023 Common Stock 40.5K Direct F1, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -18.1K -100% $0.00* 0 Apr 14, 2023 Common Stock 18.1K Direct F4, F9
holding GLW Performance Share Unit 9.13K Apr 14, 2023 Common Stock 9.13K Direct F1, F2
holding GLW Performance Share Unit 2.72K Apr 14, 2023 Common Stock 2.72K Direct F1, F3
holding GLW Restricted Stock Unit 9.06K Apr 14, 2023 Common Stock 9.06K Direct F4, F5
holding GLW Restricted Stock Unit 12.4K Apr 14, 2023 Common Stock 12.4K Direct F4, F6
holding GLW Restricted Stock Unit 3.33K Apr 14, 2023 Common Stock 3.33K Direct F4, F7
holding GLW Restricted Stock Unit 411 Apr 14, 2023 Common Stock 411 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.