Avery H. Nelson III - Apr 14, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Sr VP & GM, Automotive & Solar
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 14, 2023
Transactions value $
-$882,473
Form type
4
Date filed
4/18/2023, 04:12 PM
Previous filing
Apr 5, 2023
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +35.9K +305.55% $0.00 47.6K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +13.3K +28.02% $0.00 61K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +2.77K +4.53% $0.00 63.7K Apr 14, 2023 Direct
transaction GLW Common Stock Tax liability -$882K -25.4K -39.81% $34.78 38.4K Apr 14, 2023 Direct
holding GLW Common Stock 3.58K 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 -35.9K -100% $0.00* 0 Apr 14, 2023 Common Stock 35.9K Direct F5, F12
transaction GLW Restricted Stock Unit Options Exercise $0 -13.3K -100% $0.00* 0 Apr 14, 2023 Common Stock 13.3K Direct F2, F13
transaction GLW Restricted Stock Unit Options Exercise $0 -2.77K -100% $0.00* 0 Apr 14, 2023 Common Stock 2.77K Direct F2, F13
holding GLW Restricted Stock Unit 14.9K Apr 14, 2023 Common Stock 14.9K Direct F2, F3
holding GLW Restricted Stock Unit 4.32K Apr 14, 2023 Common Stock 4.32K Direct F2, F4
holding GLW Performance Share Unit 9.62K Apr 14, 2023 Common Stock 9.62K Direct F5, F6
holding GLW Performance Share Unit 3.18K Apr 14, 2023 Common Stock 3.18K Direct F5, F7
holding GLW Restricted Stock Unit 9.55K Apr 14, 2023 Common Stock 9.55K Direct F2, F8
holding GLW Restricted Stock Unit 14.4K Apr 14, 2023 Common Stock 14.4K Direct F2, F9
holding GLW Restricted Stock Unit 18.9K Apr 14, 2023 Common Stock 18.9K Direct F2, F10
holding GLW Restricted Stock Unit 4.07K Apr 14, 2023 Common Stock 4.07K Direct F2, F11
holding GLW Restricted Stock Unit 588 Apr 14, 2023 Common Stock 588 Direct F2, F11
* 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 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3 The restricted stock units (RSUs) vest 1/3 after 1 year from grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
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 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.
F9 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.
F10 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.
F11 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.
F12 The performance share units vested 100% on April 14, 2023.
F13 The restricted stock units vested 100% on April 14, 2023.