Martin J. Curran - 04 Jan 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Innovation Officer
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Jan 2024
Net transactions value
-$30,098
Form type
4
Filing time
08 Jan 2024, 16:09:16 UTC
Previous filing
17 May 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 +994 +22% $0.000000 5,509 04 Jan 2024 Direct
transaction GLW Common Stock Tax liability $30,098 -994 -18% $30.28 4,515 04 Jan 2024 Direct
holding GLW Common Stock - Jt. Tenant W/wife 65,598 04 Jan 2024 By Trust

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 -994 -5.6% $0.000000 16,817 04 Jan 2024 Common Stock 994 Direct F1, F6
holding GLW Restricted Stock Unit 19,287 04 Jan 2024 Common Stock 19,287 Direct F1, F2
holding GLW Restricted Stock Unit 5,260 04 Jan 2024 Common Stock 5,260 Direct F1, F3
holding GLW Restricted Stock Unit 12,892 04 Jan 2024 Common Stock 12,892 Direct F1, F4
holding GLW Restricted Stock Unit 16,216 04 Jan 2024 Common Stock 16,216 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 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.
F3 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4 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.
F5 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.
F6 Vesting to satisfy tax requirement pursuant to the 2023 agreement.