Lewis A. Steverson - Jan 4, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
EVP and CLAO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Jan 4, 2024
Transactions value $
-$45,693
Form type
4
Date filed
1/8/2024, 04:12 PM
Previous filing
Jul 28, 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 +1.51K +5.14% $0.00 30.9K Jan 4, 2024 Direct
transaction GLW Common Stock Tax liability -$45.7K -1.51K -4.89% $30.28 29.4K Jan 4, 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 -1.51K -4.63% $0.00 31.1K Jan 4, 2024 Common Stock 1.51K Direct F1, F5
holding GLW Restricted Stock Unit 2.91K Jan 4, 2024 Common Stock 2.91K Direct F1, F2
holding GLW Restricted Stock Unit 22.4K Jan 4, 2024 Common Stock 22.4K Direct F1, F3
holding GLW Restricted Stock Unit 30K Jan 4, 2024 Common Stock 30K 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.