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

Role
EVP and CLAO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Feb 2024
Net transactions value
-$29,406
Form type
4
Filing time
08 Feb 2024, 16:29:39 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 +292 +0.99% $0.000000 29,670 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +281 +0.95% $0.000000 29,951 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +352 +1.2% $0.000000 30,303 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability $29,406 -925 -3.1% $31.79 29,378 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 +8,220 $0.000000 8,220 07 Feb 2024 Common Stock 8,220 Direct F1, F2
transaction GLW Performance Share Unit Award $0 +11,745 $0.000000 11,745 07 Feb 2024 Common Stock 11,745 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +7,901 +119% $0.000000 14,568 07 Feb 2024 Common Stock 7,901 Direct F1, F4
transaction GLW Performance Share Unit Award $0 +9,926 +43% $0.000000 32,802 07 Feb 2024 Common Stock 9,926 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -292 -3.6% $0.000000 7,928 07 Feb 2024 Common Stock 292 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -281 -1.9% $0.000000 14,287 07 Feb 2024 Common Stock 281 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -352 -1.1% $0.000000 32,450 07 Feb 2024 Common Stock 352 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 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.
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 2022 agreement. Earned PSUs remain restricted until April 15, 2025, 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 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
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.