Lawrence D. McRae - 07 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Vice Chairman
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Feb 2024
Transactions value $
-$55,505
Form type
4
Filing time
08 Feb 2024, 16:25:37 UTC
Previous filing
04 Jan 2024
Next filing
22 Mar 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 +200 +0.09% $0.00 214K 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +192 +0.09% $0.00 214K 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +266 +0.12% $0.00 214K 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability -$20.9K -658 -0.31% $31.79 213K 07 Feb 2024 Direct
transaction GLW Common Stock Options Exercise $0 +3.02K +1.41% $0.00 216K 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability -$34.6K -1.09K -0.5% $31.79 215K 07 Feb 2024 Direct F2
holding GLW Common Stock 1.05K 07 Feb 2024 Held by Spouse F3, F4

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 +5.62K $0.00 5.62K 07 Feb 2024 Common Stock 5.62K Direct F1, F5
transaction GLW Performance Share Unit Award $0 +3.02K $0.00 3.02K 07 Feb 2024 Common Stock 3.02K Direct F1, F6
transaction GLW Performance Share Unit Award $0 +5.41K +118.5% $0.00 9.97K 07 Feb 2024 Common Stock 5.41K Direct F1, F7
transaction GLW Performance Share Unit Award $0 +7.48K +43.4% $0.00 24.7K 07 Feb 2024 Common Stock 7.48K Direct F1, F8
transaction GLW Performance Share Unit Options Exercise $0 -200 -3.56% $0.00 5.42K 07 Feb 2024 Common Stock 200 Direct F1, F9
transaction GLW Performance Share Unit Options Exercise $0 -192 -1.93% $0.00 9.78K 07 Feb 2024 Common Stock 192 Direct F1, F10
transaction GLW Performance Share Unit Options Exercise $0 -266 -1.08% $0.00 24.5K 07 Feb 2024 Common Stock 266 Direct F1, F11
transaction GLW Performance Share Unit Options Exercise $0 -3.02K -100% $0.00* 0 07 Feb 2024 Common Stock 3.02K Direct F1, F12
* 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 Includes 7,800 shares previously held indirectly in a unitized stock fund through the issuer's 401(k) plan.
F3 1,045 shares previously held indirectly by Spouse in a unitized stock fund through the issuer's 401(k) plan.
F4 The reporting person disclaims beneficial ownership of all securities held by spouse.
F5 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.
F6 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.
F7 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.
F8 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.
F9 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F10 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F11 Vesting to satisfy tax requirement pursuant to the 2021 agreement.
F12 The performance share units vested 100% on February 7, 2024.