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

Role
SVP & Chief Supply Chain Off.
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Aug 31, 2023
Transactions value $
-$31,671
Form type
4
Date filed
9/1/2023, 04:07 PM
Previous filing
Jul 21, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Disposed to Issuer $0 -50K -62.28% $0.00 30.3K Aug 31, 2023 Direct F1
transaction GLW Common Stock Options Exercise $0 +1.84K +6.06% $0.00 32.1K Aug 31, 2023 Direct
transaction GLW Common Stock Options Exercise $0 +334 +1.04% $0.00 32.5K Aug 31, 2023 Direct
transaction GLW Common Stock Tax liability -$31.7K -965 -2.97% $32.82 31.5K Aug 31, 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 -1.84K -100% $0.00* 0 Aug 31, 2023 Common Stock 1.84K Direct F2, F6
transaction GLW Restricted Stock Unit Options Exercise $0 -334 -100% $0.00* 0 Aug 31, 2023 Common Stock 334 Direct F2, F6
holding GLW Restricted Stock Unit 6.37K Aug 31, 2023 Common Stock 6.37K Direct F2, F3
holding GLW Restricted Stock Unit 9.3K Aug 31, 2023 Common Stock 9.3K Direct F2, F4
holding GLW Restricted Stock Unit 7.73K Aug 31, 2023 Common Stock 7.73K 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.