John P. Bayne Jr. - 04 Jan 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP &GM, Mobile Consumer Elec.
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Jan 2024
Net transactions value
-$27,525
Form type
4
Filing time
08 Jan 2024, 16:06:59 UTC
Previous filing
14 Jun 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 +909 $0.000000 909 04 Jan 2024 Direct
transaction GLW Common Stock Tax liability $27,525 -909 -100% $30.28 0 04 Jan 2024 Direct
holding GLW Common Stock - Jt. Tenant W/wife 25,658 04 Jan 2024 By Trust 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 -909 -6.1% $0.000000 14,112 04 Jan 2024 Common Stock 909 Direct F2, F7
holding GLW Restricted Stock Unit 14,853 04 Jan 2024 Common Stock 14,853 Direct F2, F3
holding GLW Restricted Stock Unit 2,161 04 Jan 2024 Common Stock 2,161 Direct F2, F4
holding GLW Restricted Stock Unit 8,939 04 Jan 2024 Common Stock 8,939 Direct F2, F5
holding GLW Restricted Stock Unit 13,618 04 Jan 2024 Common Stock 13,618 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership has been updated to reflect the transfer of 18,313 shares of Common Stock that the reporting person owned individually into the joint trust account held with spouse.
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.