Li Fang - 08 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP, Corning Intl & NBD, Solar
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2024
Net transactions value
-$185,398
Form type
4
Filing time
12 Feb 2024, 16:12:17 UTC
Previous filing
17 May 2023
Next filing
23 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 +3,886 $0.000000 3,886 08 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +1,957 +50% $0.000000 5,843 08 Feb 2024 Direct F1
transaction GLW Common Stock Disposed to Issuer $185,398 -5,843 -100% $31.73 0 08 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 Restricted Stock Unit Options Exercise $0 -3,886 -33% $0.000000 7,774 08 Feb 2024 Common Stock 3,886 Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -1,957 -67% $0.000000 979 08 Feb 2024 Common Stock 1,957 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Corning Incorporated common stock.
F2 The cash-settled RSUs granted on February 8, 2023 will vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F3 The cash-settled RSUs granted on February 8, 2023 will vest 2/3 after 1 year and 1/3 after 18 months from the grant date.