John P. Bayne Jr. - 07 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP &GM, Mobile Consumer Elec.
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Feb 2024
Net transactions value
-$12,939
Form type
4
Filing time
08 Feb 2024, 16:20:28 UTC
Previous filing
08 Jan 2024
Next filing
12 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 +135 $0.000000 135 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +129 +96% $0.000000 264 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +143 +54% $0.000000 407 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability $12,939 -407 -100% $31.79 0 07 Feb 2024 Direct
holding GLW Common Stock - Jt. Tenant W/wife 25,658 07 Feb 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 Performance Share Unit Award $0 +3,786 $0.000000 3,786 07 Feb 2024 Common Stock 3,786 Direct F1, F2
transaction GLW Performance Share Unit Award $0 +3,638 +118% $0.000000 6,709 07 Feb 2024 Common Stock 3,638 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +4,029 +43% $0.000000 13,310 07 Feb 2024 Common Stock 4,029 Direct F1, F4
transaction GLW Performance Share Unit Options Exercise $0 -135 -3.6% $0.000000 3,651 07 Feb 2024 Common Stock 135 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -129 -1.9% $0.000000 6,580 07 Feb 2024 Common Stock 129 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -143 -1.1% $0.000000 13,167 07 Feb 2024 Common Stock 143 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F3 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F4 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F6 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F7 Vesting to satisfy tax requirement pursuant to the 2021 agreement.