Avery H. Nelson III - Apr 27, 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 27, 2023
Transactions value $
-$55,282
Form type
4
Date filed
4/28/2023, 04:04 PM
Previous filing
Apr 18, 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 +442 +1.15% $0.00 38.8K Apr 27, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +146 +0.38% $0.00 39K Apr 27, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +438 +1.12% $0.00 39.4K Apr 27, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +662 +1.68% $0.00 40.1K Apr 27, 2023 Direct
transaction GLW Common Stock Tax liability -$55.3K -1.69K -4.21% $32.75 38.4K Apr 27, 2023 Direct
holding GLW Common Stock 3.58K Apr 27, 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 -442 -4.59% $0.00 9.18K Apr 27, 2023 Common Stock 442 Direct F7, F8
transaction GLW Performance Share Unit Options Exercise $0 -146 -4.59% $0.00 3.04K Apr 27, 2023 Common Stock 146 Direct F7, F9
transaction GLW Restricted Stock Unit Options Exercise $0 -438 -4.59% $0.00 9.11K Apr 27, 2023 Common Stock 438 Direct F2, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -662 -4.58% $0.00 13.8K Apr 27, 2023 Common Stock 662 Direct F2, F9
holding GLW Restricted Stock Unit 14.9K Apr 27, 2023 Common Stock 14.9K Direct F2, F3
holding GLW Restricted Stock Unit 4.32K Apr 27, 2023 Common Stock 4.32K Direct F2, F4
holding GLW Restricted Stock Unit 18.9K Apr 27, 2023 Common Stock 18.9K Direct F2, F5
holding GLW Restricted Stock Unit 4.07K Apr 27, 2023 Common Stock 4.07K Direct F2, F6
holding GLW Restricted Stock Unit 588 Apr 27, 2023 Common Stock 588 Direct F2, F6
* 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 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.
F6 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.
F7 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F8 Vesting to satisfy tax requirement pursuant to the 2021 agreement.
F9 Vesting to satisfy tax requirement pursuant to the 2022 agreement.