Jeffrey W. Evenson - May 15, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Chief Strategy Off
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$339,363
Form type
4
Date filed
5/17/2023, 04:08 PM
Previous filing
Apr 18, 2023
Next filing
Nov 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $144K +6.9K +7.52% $20.82 98.7K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $144K +6.88K +6.97% $20.91 106K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $144K +6.75K +6.39% $21.30 112K May 15, 2023 Direct
transaction GLW Common Stock Sale -$637K -20.5K -18.28% $31.04 91.8K May 15, 2023 Direct F1
transaction GLW Common Stock Options Exercise $0 +7.51K +8.18% $0.00 99.3K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +867 +0.87% $0.00 100K May 15, 2023 Direct
transaction GLW Common Stock Tax liability -$133K -4.28K -4.27% $31.20 95.9K May 15, 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 Stock Options (Right to Buy) Options Exercise $0 -6.9K -100% $0.00* 0 May 15, 2023 Common Stock 6.9K $20.82 Direct
transaction GLW Stock Options (Right to Buy) Options Exercise $0 -6.88K -100% $0.00* 0 May 15, 2023 Common Stock 6.88K $20.91 Direct
transaction GLW Stock Options (Right to Buy) Options Exercise $0 -6.75K -100% $0.00* 0 May 15, 2023 Common Stock 6.75K $21.30 Direct
transaction GLW Restricted Stock Unit Options Exercise $0 -7.51K -100% $0.00* 0 May 15, 2023 Common Stock 7.51K Direct F2, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -867 -100% $0.00* 0 May 15, 2023 Common Stock 867 Direct F2, F8
holding GLW Restricted Stock Unit 19.7K May 15, 2023 Common Stock 19.7K Direct F2, F3
holding GLW Restricted Stock Unit 5.37K May 15, 2023 Common Stock 5.37K Direct F2, F4
holding GLW Restricted Stock Unit 11.6K May 15, 2023 Common Stock 11.6K Direct F2, F5
holding GLW Restricted Stock Unit 16.4K May 15, 2023 Common Stock 16.4K Direct F2, F6
holding GLW Restricted Stock Unit 18K May 15, 2023 Common Stock 18K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.975 to $31.11, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote.
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, 2024. 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, 2025. 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, 2026. 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 vested on May 15, 2023 pursuant to the 2020 agreement.