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

Role
Sr VP & GM, Automotive & Solar
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
15 May 2023
Net transactions value
-$74,256
Form type
4
Filing time
17 May 2023, 16:13:11 UTC
Previous filing
28 Apr 2023
Next filing
08 Jan 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 +4,071 +11% $0.000000 42,435 15 May 2023 Direct
transaction GLW Common Stock Options Exercise $0 +588 +1.4% $0.000000 43,023 15 May 2023 Direct
transaction GLW Common Stock Tax liability $74,256 -2,380 -5.5% $31.20 40,643 15 May 2023 Direct
holding GLW Common Stock 3,576 15 May 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 -4,071 -100% $0.000000* 0 15 May 2023 Common Stock 4,071 Direct F2, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -588 -100% $0.000000* 0 15 May 2023 Common Stock 588 Direct F2, F8
holding GLW Restricted Stock Unit 14,853 15 May 2023 Common Stock 14,853 Direct F2, F3
holding GLW Restricted Stock Unit 4,321 15 May 2023 Common Stock 4,321 Direct F2, F4
holding GLW Restricted Stock Unit 9,110 15 May 2023 Common Stock 9,110 Direct F2, F5
holding GLW Restricted Stock Unit 13,777 15 May 2023 Common Stock 13,777 Direct F2, F6
holding GLW Restricted Stock Unit 18,884 15 May 2023 Common Stock 18,884 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.