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

Role
President & GM, International
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$141,461
Form type
4
Date filed
5/17/2023, 04:09 PM
Previous filing
Mar 8, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +3.95K $0.00 3.95K May 15, 2023 Direct F1
transaction GLW Common Stock Options Exercise $0 +582 +14.73% $0.00 4.53K May 15, 2023 Direct F1
transaction GLW Common Stock Disposed to Issuer -$141K -4.53K -100% $31.20 0 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 Restricted Stock Unit Options Exercise $0 -3.95K -100% $0.00* 0 May 15, 2023 Common Stock 3.95K Direct F1, F4
transaction GLW Restricted Stock Unit Options Exercise $0 -582 -100% $0.00* 0 May 15, 2023 Common Stock 582 Direct F1, F4
holding GLW Restricted Stock Unit 11.7K May 15, 2023 Common Stock 11.7K Direct F1, F2
holding GLW Restricted Stock Unit 2.94K May 15, 2023 Common Stock 2.94K 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.