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

Role
SVP &GM, Mobile Consumer Elec.
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Jan 4, 2024
Transactions value $
-$27,525
Form type
4
Date filed
1/8/2024, 04:06 PM
Previous filing
Jun 14, 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 +909 $0.00 909 Jan 4, 2024 Direct
transaction GLW Common Stock Tax liability -$27.5K -909 -100% $30.28 0 Jan 4, 2024 Direct
holding GLW Common Stock - Jt. Tenant W/wife 25.7K Jan 4, 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 -6.05% $0.00 14.1K Jan 4, 2024 Common Stock 909 Direct F2, F7
holding GLW Restricted Stock Unit 14.9K Jan 4, 2024 Common Stock 14.9K Direct F2, F3
holding GLW Restricted Stock Unit 2.16K Jan 4, 2024 Common Stock 2.16K Direct F2, F4
holding GLW Restricted Stock Unit 8.94K Jan 4, 2024 Common Stock 8.94K Direct F2, F5
holding GLW Restricted Stock Unit 13.6K Jan 4, 2024 Common Stock 13.6K 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.