Martin J. Curran - 15 May 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Innovation Officer
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
15 May 2023
Net transactions value
-$146,952
Form type
4
Filing time
17 May 2023, 16:07:28 UTC
Previous filing
09 May 2023
Next filing
08 Jan 2024
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 +8,270 $0.000000 8,270 15 May 2023 Direct
transaction GLW Common Stock Options Exercise $0 +955 +12% $0.000000 9,225 15 May 2023 Direct
transaction GLW Common Stock Tax liability $146,952 -4,710 -51% $31.20 4,515 15 May 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 65,598 15 May 2023 By Trust

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 -8,270 -100% $0.000000* 0 15 May 2023 Common Stock 8,270 Direct F1, F7
transaction GLW Restricted Stock Unit Options Exercise $0 -955 -100% $0.000000* 0 15 May 2023 Common Stock 955 Direct F1, F7
holding GLW Restricted Stock Unit 19,287 15 May 2023 Common Stock 19,287 Direct F1, F2
holding GLW Restricted Stock Unit 5,260 15 May 2023 Common Stock 5,260 Direct F1, F3
holding GLW Restricted Stock Unit 12,892 15 May 2023 Common Stock 12,892 Direct F1, F4
holding GLW Restricted Stock Unit 16,216 15 May 2023 Common Stock 16,216 Direct F1, F5
holding GLW Restricted Stock Unit 17,811 15 May 2023 Common Stock 17,811 Direct F1, F6
* 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 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.
F3 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4 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.
F5 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.
F6 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.
F7 The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.