WENDELL P. WEEKS - 04 Jan 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Chairman and CEO, Director
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Jan 2024
Net transactions value
-$124,451
Form type
4
Filing time
08 Jan 2024, 16:13:43 UTC
Previous filing
28 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 +4,110 +0.48% $0.000000 851,584 04 Jan 2024 Direct
transaction GLW Common Stock Tax liability $124,451 -4,110 -0.48% $30.28 847,474 04 Jan 2024 Direct
holding GLW Common Stock 9,200 04 Jan 2024 Held by Spouse F1
holding GLW Common Stock 6,806 04 Jan 2024 Held By Spouse - Emp. Ben. Plan F1, F2
holding GLW Common Stock 11,219 04 Jan 2024 Trustee U/employee Benefit Plan F2

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 -4,110 -3.8% $0.000000 104,474 04 Jan 2024 Common Stock 4,110 Direct F3, F7
holding GLW Restricted Stock Unit 10,792 04 Jan 2024 Common Stock 10,792 Direct F3, F4
holding GLW Restricted Stock Unit 76,375 04 Jan 2024 Common Stock 76,375 Direct F3, F5
holding GLW Restricted Stock Unit 100,463 04 Jan 2024 Common Stock 100,463 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of all securities held by spouse.
F2 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of December 29, 2023.
F3 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
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.