Li Fang - 15 May 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
President & GM, International
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
15 May 2023
Net transactions value
-$141,461
Form type
4
Filing time
17 May 2023, 16:09:37 UTC
Previous filing
08 Mar 2023
Next filing
12 Feb 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 +3,952 $0.000000 3,952 15 May 2023 Direct F1
transaction GLW Common Stock Options Exercise $0 +582 +15% $0.000000 4,534 15 May 2023 Direct F1
transaction GLW Common Stock Disposed to Issuer $141,461 -4,534 -100% $31.20 0 15 May 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 -3,952 -100% $0.000000* 0 15 May 2023 Common Stock 3,952 Direct F1, F4
transaction GLW Restricted Stock Unit Options Exercise $0 -582 -100% $0.000000* 0 15 May 2023 Common Stock 582 Direct F1, F4
holding GLW Restricted Stock Unit 11,660 15 May 2023 Common Stock 11,660 Direct F1, F2
holding GLW Restricted Stock Unit 2,936 15 May 2023 Common Stock 2,936 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of 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 cash-settled restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.