Li Fang - Feb 8, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP, Corning Intl & NBD, Solar
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 8, 2024
Transactions value $
-$185,398
Form type
4
Date filed
2/12/2024, 04:12 PM
Previous filing
May 17, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +3.89K $0.00 3.89K Feb 8, 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +1.96K +50.36% $0.00 5.84K Feb 8, 2024 Direct F1
transaction GLW Common Stock Disposed to Issuer -$185K -5.84K -100% $31.73 0 Feb 8, 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 -3.89K -33.33% $0.00 7.77K Feb 8, 2024 Common Stock 3.89K Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -1.96K -66.66% $0.00 979 Feb 8, 2024 Common Stock 1.96K 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.