Edward A. Schlesinger - 04 Jan 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Jan 2024
Net transactions value
-$32,824
Form type
4
Filing time
08 Jan 2024, 16:12:07 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 +1,084 +1.6% $0.000000 67,165 04 Jan 2024 Direct
transaction GLW Common Stock Tax liability $32,824 -1,084 -1.6% $30.28 66,081 04 Jan 2024 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 -1,084 -5.4% $0.000000 19,088 04 Jan 2024 Common Stock 1,084 Direct F1, F5
holding GLW Restricted Stock Unit 2,775 04 Jan 2024 Common Stock 2,775 Direct F1, F2
holding GLW Restricted Stock Unit 5,856 04 Jan 2024 Common Stock 5,856 Direct F1, F3
holding GLW Restricted Stock Unit 15,614 04 Jan 2024 Common Stock 15,614 Direct F1, F4
* 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 2/3 after 1 year and 1/3 after 18 months from the grant date.
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 Vesting to satisfy tax requirement pursuant to the 2023 agreement.