Eric S. Musser - 14 Apr 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
President and COO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$2,278,264
Form type
4
Filing time
18 Apr 2023, 16:12:12 UTC
Previous filing
05 Apr 2023
Next filing
17 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 +92,967 +89% $0.000000 197,360 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +41,536 +21% $0.000000 238,896 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $2,278,264 -65,505 -27% $34.78 173,391 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 -92,967 -100% $0.000000* 0 14 Apr 2023 Common Stock 92,967 Direct F3, F11
transaction GLW Restricted Stock Unit Options Exercise $0 -41,536 -100% $0.000000* 0 14 Apr 2023 Common Stock 41,536 Direct F1, F12
holding GLW Restricted Stock Unit 6,347 14 Apr 2023 Common Stock 6,347 Direct F1, F2
holding GLW Performance Share Unit 27,184 14 Apr 2023 Common Stock 27,184 Direct F3, F4
holding GLW Performance Share Unit 8,335 14 Apr 2023 Common Stock 8,335 Direct F3, F5
holding GLW Performance Share Unit 12,570 14 Apr 2023 Common Stock 12,570 Direct F3, F6
holding GLW Restricted Stock Unit 26,703 14 Apr 2023 Common Stock 26,703 Direct F1, F7
holding GLW Restricted Stock Unit 37,518 14 Apr 2023 Common Stock 37,518 Direct F1, F8
holding GLW Restricted Stock Unit 40,773 14 Apr 2023 Common Stock 40,773 Direct F1, F9
holding GLW Restricted Stock Unit 1,257 14 Apr 2023 Common Stock 1,257 Direct F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F3 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 The performance share units vested 100% on April 14, 2023.
F12 The restricted stock units vested 100% on April 14, 2023.