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

Role
EVP and CLAO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$167,294
Form type
4
Date filed
5/17/2023, 04:15 PM
Previous filing
May 2, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +9.42K +25.11% $0.00 46.9K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +1.09K +2.32% $0.00 48K May 15, 2023 Direct
transaction GLW Common Stock Tax liability -$167K -5.36K -11.17% $31.20 42.6K 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 -9.42K -94.47% $0.00 551 May 15, 2023 Common Stock 9.42K Direct F1, F6
transaction GLW Restricted Stock Unit Options Exercise $0 -1.09K -97.4% $0.00 29 May 15, 2023 Common Stock 1.09K Direct F1, F7
holding GLW Restricted Stock Unit 2.91K May 15, 2023 Common Stock 2.91K Direct F1, F2
holding GLW Restricted Stock Unit 22.4K May 15, 2023 Common Stock 22.4K Direct F1, F3
holding GLW Restricted Stock Unit 30K May 15, 2023 Common Stock 30K Direct F1, F4
holding GLW Restricted Stock Unit 32.6K May 15, 2023 Common Stock 32.6K 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, 2025. 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, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F6 9,415 restricted stock units (RSUs) vested on May 15, 2023 pursuant to the May 2020 agreement; 551 RSUs will vest on June 15, 2023, pursuant to the June 2020 agreement.
F7 1,087 restricted stock units (RSUs) vested on May 15, 2023 pursuant to the May 2020 agreement; 29 RSUs will vest on June 15, 2023, pursuant to the June 2020 agreement.