WENDELL P. WEEKS - 07 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Chairman and CEO, Director
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Feb 2024
Net transactions value
-$98,295
Form type
4
Filing time
08 Feb 2024, 16:31:09 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 +970 +0.11% $0.000000 848,444 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +933 +0.11% $0.000000 849,377 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +1,189 +0.14% $0.000000 850,566 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability $98,295 -3,092 -0.36% $31.79 847,474 07 Feb 2024 Direct
holding GLW Common Stock 9,200 07 Feb 2024 Held by Spouse F2
holding GLW Common Stock 6,806 07 Feb 2024 Held By Spouse - Emp. Ben. Plan F2, F3
holding GLW Common Stock 11,219 07 Feb 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 +27,363 $0.000000 27,363 07 Feb 2024 Common Stock 27,363 Direct F1, F4
transaction GLW Performance Share Unit Award $0 +34,397 $0.000000 34,397 07 Feb 2024 Common Stock 34,397 Direct F1, F5
transaction GLW Performance Share Unit Award $0 +26,302 +118% $0.000000 48,500 07 Feb 2024 Common Stock 26,302 Direct F1, F6
transaction GLW Performance Share Unit Award $0 +33,517 +43% $0.000000 110,765 07 Feb 2024 Common Stock 33,517 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -970 -3.5% $0.000000 26,393 07 Feb 2024 Common Stock 970 Direct F1, F8
transaction GLW Performance Share Unit Options Exercise $0 -933 -1.9% $0.000000 47,567 07 Feb 2024 Common Stock 933 Direct F1, F9
transaction GLW Performance Share Unit Options Exercise $0 -1,189 -1.1% $0.000000 109,576 07 Feb 2024 Common Stock 1,189 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.