Wendell P. Weeks - Feb 7, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 7, 2024
Transactions value $
-$98,295
Form type
4
Date filed
2/8/2024, 04:31 PM
Previous filing
Jan 8, 2024
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +970 +0.11% $0.00 848K Feb 7, 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +933 +0.11% $0.00 849K Feb 7, 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +1.19K +0.14% $0.00 851K Feb 7, 2024 Direct F1
transaction GLW Common Stock Tax liability -$98.3K -3.09K -0.36% $31.79 847K Feb 7, 2024 Direct
holding GLW Common Stock 9.2K Feb 7, 2024 Held by Spouse F2
holding GLW Common Stock 6.81K Feb 7, 2024 Held By Spouse - Emp. Ben. Plan F2, F3
holding GLW Common Stock 11.2K Feb 7, 2024 Trustee U/employee Benefit Plan F3

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 +27.4K $0.00 27.4K Feb 7, 2024 Common Stock 27.4K Direct F1, F4
transaction GLW Performance Share Unit Award $0 +34.4K $0.00 34.4K Feb 7, 2024 Common Stock 34.4K Direct F1, F5
transaction GLW Performance Share Unit Award $0 +26.3K +118.49% $0.00 48.5K Feb 7, 2024 Common Stock 26.3K Direct F1, F6
transaction GLW Performance Share Unit Award $0 +33.5K +43.39% $0.00 111K Feb 7, 2024 Common Stock 33.5K Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -970 -3.54% $0.00 26.4K Feb 7, 2024 Common Stock 970 Direct F1, F8
transaction GLW Performance Share Unit Options Exercise $0 -933 -1.92% $0.00 47.6K Feb 7, 2024 Common Stock 933 Direct F1, F9
transaction GLW Performance Share Unit Options Exercise $0 -1.19K -1.07% $0.00 110K Feb 7, 2024 Common Stock 1.19K Direct F1, F10
* 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 The reporting person disclaims beneficial ownership of all securities held by spouse.
F3 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2024.
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 2023 agreement. Earned PSUs remain restricted until April 15, 2026, 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 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.
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 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F8 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F9 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F10 Vesting to satisfy tax requirement pursuant to the 2021 agreement.