Edward A. Schlesinger - 15 May 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
15 May 2023
Net transactions value
-$69,701
Form type
4
Filing time
17 May 2023, 16:14:00 UTC
Previous filing
18 Apr 2023
Next filing
19 Jul 2023
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 +3,779 +5.6% $0.000000 71,804 15 May 2023 Direct
transaction GLW Common Stock Options Exercise $0 +595 +0.83% $0.000000 72,399 15 May 2023 Direct
transaction GLW Common Stock Tax liability $69,701 -2,234 -3.1% $31.20 70,165 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 -3,779 -100% $0.000000* 0 15 May 2023 Common Stock 3,779 Direct F1, F6
transaction GLW Restricted Stock Unit Options Exercise $0 -595 -100% $0.000000* 0 15 May 2023 Common Stock 595 Direct F1, F6
holding GLW Restricted Stock Unit 2,775 15 May 2023 Common Stock 2,775 Direct F1, F2
holding GLW Restricted Stock Unit 5,856 15 May 2023 Common Stock 5,856 Direct F1, F3
holding GLW Restricted Stock Unit 20,172 15 May 2023 Common Stock 20,172 Direct F1, F4
holding GLW Restricted Stock Unit 15,614 15 May 2023 Common Stock 15,614 Direct F1, F5
* 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 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.
F4 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.
F5 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.
F6 The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.