Jaymin Amin - 04 Jan 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP and Chief Tech. Officer
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Jan 2024
Net transactions value
-$28,887
Form type
4
Filing time
08 Jan 2024, 16:06:12 UTC
Previous filing
19 Jul 2023
Next filing
08 Feb 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 Options Exercise $0 +954 +1.1% $0.000000 87,437 04 Jan 2024 Direct
transaction GLW Common Stock Tax liability $28,887 -954 -1.1% $30.28 86,483 04 Jan 2024 Direct
holding GLW Common Stock 2,482 04 Jan 2024 Trustee u/Employee Benefit Plan F1

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 -954 -5.8% $0.000000 15,355 04 Jan 2024 Common Stock 954 Direct F2, F7
holding GLW Restricted Stock Unit 15,843 04 Jan 2024 Common Stock 15,843 Direct F2, F3
holding GLW Restricted Stock Unit 3,241 04 Jan 2024 Common Stock 3,241 Direct F2, F4
holding GLW Restricted Stock Unit 4,439 04 Jan 2024 Common Stock 4,439 Direct F2, F5
holding GLW Restricted Stock Unit 6,367 04 Jan 2024 Common Stock 6,367 Direct F2, F6
holding GLW Restricted Stock Unit 7,552 04 Jan 2024 Common Stock 7,552 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of December 29, 2023.
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 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.
F4 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F5 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.
F6 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.
F7 Vesting to satisfy tax requirement pursuant to the 2023 agreement.