Jeffrey W. Evenson - 07 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Chief Strategy Off
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Feb 2024
Net transactions value
-$15,927
Form type
4
Filing time
08 Feb 2024, 16:24:12 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 +162 +0.17% $0.000000 94,538 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +155 +0.16% $0.000000 94,693 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +184 +0.19% $0.000000 94,877 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability $15,927 -501 -0.53% $31.79 94,376 07 Feb 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 Performance Share Unit Award $0 +4,543 $0.000000 4,543 07 Feb 2024 Common Stock 4,543 Direct F1, F2
transaction GLW Performance Share Unit Award $0 +4,366 +118% $0.000000 8,051 07 Feb 2024 Common Stock 4,366 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +5,179 +43% $0.000000 17,114 07 Feb 2024 Common Stock 5,179 Direct F1, F4
transaction GLW Performance Share Unit Options Exercise $0 -162 -3.6% $0.000000 4,381 07 Feb 2024 Common Stock 162 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -155 -1.9% $0.000000 7,896 07 Feb 2024 Common Stock 155 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -184 -1.1% $0.000000 16,930 07 Feb 2024 Common Stock 184 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.