Eric S. Musser - May 15, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
President and COO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$220,241
Form type
4
Date filed
5/17/2023, 04:12 PM
Previous filing
Apr 18, 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 +12.6K +7.25% $0.00 186K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +1.26K +0.68% $0.00 187K May 15, 2023 Direct
transaction GLW Common Stock Tax liability -$220K -7.06K -3.77% $31.20 180K 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 Performance Share Unit Options Exercise $0 -12.6K -100% $0.00* 0 May 15, 2023 Common Stock 12.6K Direct F3, F9
transaction GLW Restricted Stock Unit Options Exercise $0 -1.26K -100% $0.00* 0 May 15, 2023 Common Stock 1.26K Direct F1, F10
holding GLW Restricted Stock Unit 6.35K May 15, 2023 Common Stock 6.35K Direct F1, F2
holding GLW Performance Share Unit 27.2K May 15, 2023 Common Stock 27.2K Direct F3, F4
holding GLW Performance Share Unit 8.34K May 15, 2023 Common Stock 8.34K Direct F3, F5
holding GLW Restricted Stock Unit 26.7K May 15, 2023 Common Stock 26.7K Direct F1, F6
holding GLW Restricted Stock Unit 37.5K May 15, 2023 Common Stock 37.5K Direct F1, F7
holding GLW Restricted Stock Unit 40.8K May 15, 2023 Common Stock 40.8K Direct F1, F8
* 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 2/3 after 1 year and 1/3 after 18 months from the grant date.
F3 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4 Earned performance share units (PSUs) remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 Earned performance share units (PSUs) remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F6 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.
F7 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.
F8 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.
F9 The performance share units vested on May 15, 2023 pursuant to the 2020 agreement.
F10 The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.