Cheryl C. Capps - 31 Aug 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP & Chief Supply Chain Off.
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
31 Aug 2023
Net transactions value
-$31,671
Form type
4
Filing time
01 Sep 2023, 16:07:42 UTC
Previous filing
21 Jul 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 Disposed to Issuer $0 -50,000 -62% $0.000000 30,288 31 Aug 2023 Direct F1
transaction GLW Common Stock Options Exercise $0 +1,836 +6.1% $0.000000 32,124 31 Aug 2023 Direct
transaction GLW Common Stock Options Exercise $0 +334 +1% $0.000000 32,458 31 Aug 2023 Direct
transaction GLW Common Stock Tax liability $31,671 -965 -3% $32.82 31,493 31 Aug 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 -1,836 -100% $0.000000* 0 31 Aug 2023 Common Stock 1,836 Direct F2, F6
transaction GLW Restricted Stock Unit Options Exercise $0 -334 -100% $0.000000* 0 31 Aug 2023 Common Stock 334 Direct F2, F6
holding GLW Restricted Stock Unit 6,373 31 Aug 2023 Common Stock 6,373 Direct F2, F3
holding GLW Restricted Stock Unit 9,304 31 Aug 2023 Common Stock 9,304 Direct F2, F4
holding GLW Restricted Stock Unit 7,725 31 Aug 2023 Common Stock 7,725 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Forfeiture of restricted stock pursuant to the July 20, 2020 agreement.
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 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 The restricted stock units vested on August 31, 2023 pursuant to the 2023 agreement.