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

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$69,701
Form type
4
Date filed
5/17/2023, 04:14 PM
Previous filing
Apr 18, 2023
Next filing
Jul 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +3.78K +5.56% $0.00 71.8K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +595 +0.83% $0.00 72.4K May 15, 2023 Direct
transaction GLW Common Stock Tax liability -$69.7K -2.23K -3.09% $31.20 70.2K 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 -3.78K -100% $0.00* 0 May 15, 2023 Common Stock 3.78K Direct F1, F6
transaction GLW Restricted Stock Unit Options Exercise $0 -595 -100% $0.00* 0 May 15, 2023 Common Stock 595 Direct F1, F6
holding GLW Restricted Stock Unit 2.78K May 15, 2023 Common Stock 2.78K Direct F1, F2
holding GLW Restricted Stock Unit 5.86K May 15, 2023 Common Stock 5.86K Direct F1, F3
holding GLW Restricted Stock Unit 20.2K May 15, 2023 Common Stock 20.2K Direct F1, F4
holding GLW Restricted Stock Unit 15.6K May 15, 2023 Common Stock 15.6K 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.