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

Role
Retired Senior Vice President
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$916,383
Form type
4
Filing time
18 Apr 2023, 16:11:24 UTC
Previous filing
10 Feb 2023
Next filing
12 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 +40,543 +477% $0.000000 49,042 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +18,082 +37% $0.000000 67,124 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $916,383 -26,348 -39% $34.78 40,776 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 -40,543 -100% $0.000000* 0 14 Apr 2023 Common Stock 40,543 Direct F1, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -18,082 -100% $0.000000* 0 14 Apr 2023 Common Stock 18,082 Direct F4, F9
holding GLW Performance Share Unit 9,133 14 Apr 2023 Common Stock 9,133 Direct F1, F2
holding GLW Performance Share Unit 2,724 14 Apr 2023 Common Stock 2,724 Direct F1, F3
holding GLW Restricted Stock Unit 9,061 14 Apr 2023 Common Stock 9,061 Direct F4, F5
holding GLW Restricted Stock Unit 12,358 14 Apr 2023 Common Stock 12,358 Direct F4, F6
holding GLW Restricted Stock Unit 3,325 14 Apr 2023 Common Stock 3,325 Direct F4, F7
holding GLW Restricted Stock Unit 411 14 Apr 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.