Edward A. Schlesinger - Apr 14, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 14, 2023
Transactions value $
-$431,585
Form type
4
Date filed
4/18/2023, 04:13 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 +20.1K +39.09% $0.00 71.4K Apr 14, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +8.99K +12.58% $0.00 80.4K Apr 14, 2023 Direct
transaction GLW Common Stock Tax liability -$432K -12.4K -15.43% $34.78 68K 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 -20.1K -100% $0.00* 0 Apr 14, 2023 Common Stock 20.1K Direct F3, F10
transaction GLW Restricted Stock Unit Options Exercise $0 -8.99K -100% $0.00* 0 Apr 14, 2023 Common Stock 8.99K Direct F1, F11
holding GLW Restricted Stock Unit 2.78K Apr 14, 2023 Common Stock 2.78K Direct F1, F2
holding GLW Performance Share Unit 5.92K Apr 14, 2023 Common Stock 5.92K Direct F3, F4
holding GLW Performance Share Unit 3.51K Apr 14, 2023 Common Stock 3.51K Direct F3, F5
holding GLW Restricted Stock Unit 5.86K Apr 14, 2023 Common Stock 5.86K Direct F1, F6
holding GLW Restricted Stock Unit 15.6K Apr 14, 2023 Common Stock 15.6K Direct F1, F7
holding GLW Restricted Stock Unit 20.2K Apr 14, 2023 Common Stock 20.2K Direct F1, F8
holding GLW Restricted Stock Unit 3.78K Apr 14, 2023 Common Stock 3.78K Direct F1, F9
holding GLW Restricted Stock Unit 595 Apr 14, 2023 Common Stock 595 Direct F1, F9
* 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 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.
F7 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.
F8 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.
F9 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.
F10 The performance share units vested 100% on April 14, 2023.
F11 The restricted stock units vested 100% on April 14, 2023.