Avery H. Nelson III - May 15, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Sr VP & GM, Automotive & Solar
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$74,256
Form type
4
Date filed
5/17/2023, 04:13 PM
Previous filing
Apr 28, 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 +4.07K +10.61% $0.00 42.4K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +588 +1.39% $0.00 43K May 15, 2023 Direct
transaction GLW Common Stock Tax liability -$74.3K -2.38K -5.53% $31.20 40.6K May 15, 2023 Direct
holding GLW Common Stock 3.58K May 15, 2023 Trustee u/Employee Benefit Plan F1

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 -4.07K -100% $0.00* 0 May 15, 2023 Common Stock 4.07K Direct F2, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -588 -100% $0.00* 0 May 15, 2023 Common Stock 588 Direct F2, F8
holding GLW Restricted Stock Unit 14.9K May 15, 2023 Common Stock 14.9K Direct F2, F3
holding GLW Restricted Stock Unit 4.32K May 15, 2023 Common Stock 4.32K Direct F2, F4
holding GLW Restricted Stock Unit 9.11K May 15, 2023 Common Stock 9.11K Direct F2, F5
holding GLW Restricted Stock Unit 13.8K May 15, 2023 Common Stock 13.8K Direct F2, F6
holding GLW Restricted Stock Unit 18.9K May 15, 2023 Common Stock 18.9K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of April 28, 2023.
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.