Lewis A. Steverson - 14 Apr 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
EVP and CLAO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
14 Apr 2023
Net transactions value
-$1,959,053
Form type
4
Filing time
18 Apr 2023, 16:14:27 UTC
Previous filing
05 Apr 2023
Next filing
02 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 +79,967 $0.000000 79,967 14 Apr 2023 Direct
transaction GLW Common Stock Options Exercise $0 +35,689 +45% $0.000000 115,656 14 Apr 2023 Direct
transaction GLW Common Stock Tax liability $1,959,053 -56,327 -49% $34.78 59,329 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 -79,967 -100% $0.000000* 0 14 Apr 2023 Common Stock 79,967 Direct F3, F10
transaction GLW Restricted Stock Unit Options Exercise $0 -35,689 -100% $0.000000* 0 14 Apr 2023 Common Stock 35,689 Direct F1, F11
holding GLW Restricted Stock Unit 2,909 14 Apr 2023 Common Stock 2,909 Direct F1, F2
holding GLW Performance Share Unit 22,876 14 Apr 2023 Common Stock 22,876 Direct F3, F4
holding GLW Performance Share Unit 6,667 14 Apr 2023 Common Stock 6,667 Direct F3, F5
holding GLW Restricted Stock Unit 22,430 14 Apr 2023 Common Stock 22,430 Direct F1, F6
holding GLW Restricted Stock Unit 29,955 14 Apr 2023 Common Stock 29,955 Direct F1, F7
holding GLW Restricted Stock Unit 32,618 14 Apr 2023 Common Stock 32,618 Direct F1, F8
holding GLW Restricted Stock Unit 9,966 14 Apr 2023 Common Stock 9,966 Direct F1, F9
holding GLW Restricted Stock Unit 1,116 14 Apr 2023 Common Stock 1,116 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.