Edward A. Schlesinger - 07 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Feb 2024
Net transactions value
-$13,384
Form type
4
Filing time
08 Feb 2024, 16:28:00 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 +181 +0.27% $0.000000 66,262 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +148 +0.22% $0.000000 66,410 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +92 +0.14% $0.000000 66,502 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability $13,384 -421 -0.63% $31.79 66,081 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 +5,083 $0.000000 5,083 07 Feb 2024 Common Stock 5,083 Direct F1, F2
transaction GLW Performance Share Unit Award $0 +4,159 +118% $0.000000 7,669 07 Feb 2024 Common Stock 4,159 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +2,590 +44% $0.000000 8,507 07 Feb 2024 Common Stock 2,590 Direct F1, F4
transaction GLW Performance Share Unit Award $0 +8,490 $0.000000 8,490 07 Feb 2024 Common Stock 8,490 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -181 -3.6% $0.000000 4,902 07 Feb 2024 Common Stock 181 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -148 -1.9% $0.000000 7,521 07 Feb 2024 Common Stock 148 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -92 -1.1% $0.000000 8,415 07 Feb 2024 Common Stock 92 Direct F1, F8
* 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 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 vesting. The earned units will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F6 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F7 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F8 Vesting to satisfy tax requirement pursuant to the 2021 agreement.