John Z. Zhang - May 15, 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Sr VP&GM Display &Corning Asia
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
May 15, 2023
Transactions value $
-$87,235
Form type
4
Date filed
5/17/2023, 04:17 PM
Previous filing
May 9, 2023
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +4.78K +38.13% $0.00 17.3K May 15, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +690 +3.98% $0.00 18K May 15, 2023 Direct
transaction GLW Common Stock Tax liability -$87.2K -2.8K -15.52% $31.20 15.2K 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 -4.78K -100% $0.00* 0 May 15, 2023 Common Stock 4.78K Direct F1, F7
transaction GLW Restricted Stock Unit Options Exercise $0 -690 -100% $0.00* 0 May 15, 2023 Common Stock 690 Direct F1, F7
holding GLW Restricted Stock Unit 14.9K May 15, 2023 Common Stock 14.9K Direct F1, F2
holding GLW Restricted Stock Unit 2.16K May 15, 2023 Common Stock 2.16K Direct F1, F3
holding GLW Restricted Stock Unit 9.55K May 15, 2023 Common Stock 9.55K Direct F1, F4
holding GLW Restricted Stock Unit 14.4K May 15, 2023 Common Stock 14.4K Direct F1, F5
holding GLW Restricted Stock Unit 18.9K May 15, 2023 Common Stock 18.9K Direct F1, F6
* 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 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.
F3 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4 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.
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 (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.
F7 The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.