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

Role
Senior Vice President & CDIO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2024
Net transactions value
-$60,699
Form type
4
Filing time
12 Feb 2024, 16:15:11 UTC
Previous filing
08 Feb 2024
Next filing
03 Apr 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 +4,520 +6.6% $0.000000 72,574 08 Feb 2024 Direct
transaction GLW Common Stock Options Exercise $0 +2,630 +3.6% $0.000000 75,204 08 Feb 2024 Direct
transaction GLW Common Stock Tax liability $60,699 -1,913 -2.5% $31.73 73,291 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 -4,520 -33% $0.000000 9,041 08 Feb 2024 Common Stock 4,520 Direct F1, F3
transaction GLW Restricted Stock Unit Options Exercise $0 -2,630 -67% $0.000000 1,315 08 Feb 2024 Common Stock 2,630 Direct F1, F4
holding GLW Restricted Stock Unit 13,734 08 Feb 2024 Common Stock 13,734 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F3 The restricted stock units (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.
F4 The restricted stock units (RSUs) granted on February 8, 2023 will vest 2/3 after 1 year and 1/3 after 18 months from the grant date.