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

Role
Exec. VP & Innovation Officer
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$146,952
Form type
4
Date filed
5/17/2023, 04:07 PM
Previous filing
May 9, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +8.27K $0.00 8.27K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +955 +11.55% $0.00 9.23K May 15, 2023 Direct
transaction GLW Common Stock Tax liability -$147K -4.71K -51.06% $31.20 4.52K May 15, 2023 Direct
holding GLW Common Stock - Jt. Tenant W/wife 65.6K May 15, 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 -8.27K -100% $0.00* 0 May 15, 2023 Common Stock 8.27K Direct F1, F7
transaction GLW Restricted Stock Unit Options Exercise $0 -955 -100% $0.00* 0 May 15, 2023 Common Stock 955 Direct F1, F7
holding GLW Restricted Stock Unit 19.3K May 15, 2023 Common Stock 19.3K Direct F1, F2
holding GLW Restricted Stock Unit 5.26K May 15, 2023 Common Stock 5.26K Direct F1, F3
holding GLW Restricted Stock Unit 12.9K May 15, 2023 Common Stock 12.9K Direct F1, F4
holding GLW Restricted Stock Unit 16.2K May 15, 2023 Common Stock 16.2K Direct F1, F5
holding GLW Restricted Stock Unit 17.8K May 15, 2023 Common Stock 17.8K 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.