Robert P. France - May 1, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Sr VP, Human Resources
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 1, 2023
Transactions value $
-$309,049
Form type
4
Date filed
5/3/2023, 04:04 PM
Previous filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Disposed to Issuer $0 -1.88K -4.35% $0.00 41.2K May 1, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +607 +1.47% $0.00 41.8K May 1, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +4.55K +10.87% $0.00 46.4K May 1, 2023 Direct
transaction GLW Common Stock Tax liability -$309K -9.33K -20.12% $33.11 37K May 1, 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 Restricted Stock Unit Options Exercise $0 -607 -100% $0.00* 0 May 1, 2023 Common Stock 607 Direct F1, F4
transaction GLW Restricted Stock Unit Options Exercise $0 -4.55K -100% $0.00* 0 May 1, 2023 Common Stock 4.55K Direct F1, F4
holding GLW Restricted Stock Unit 5.65K May 1, 2023 Common Stock 5.65K Direct F1, F2
holding GLW Restricted Stock Unit 8.84K May 1, 2023 Common Stock 8.84K Direct F1, F3
* 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 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.
F3 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.
F4 Earned restricted stock units awarded May 15, 2020 remained restricted until May 1, 2023 when they vested and converted into Common Stock per the May 2020 agreement.