John Z. Zhang - Feb 8, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP&GM Display & Corning Asia
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 8, 2024
Transactions value $
-$78,119
Form type
4
Date filed
2/12/2024, 04:18 PM
Previous filing
Feb 8, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +4.95K +32.52% $0.00 20.2K Feb 8, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +1.44K +7.14% $0.00 21.6K Feb 8, 2024 Direct
transaction GLW Common Stock Tax liability -$78.1K -2.46K -11.39% $31.73 19.2K 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 -4.95K -33.33% $0.00 9.9K Feb 8, 2024 Common Stock 4.95K Direct F1, F5
transaction GLW Restricted Stock Unit Options Exercise $0 -1.44K -66.64% $0.00 721 Feb 8, 2024 Common Stock 1.44K Direct F1, F6
holding GLW Restricted Stock Unit 9.55K Feb 8, 2024 Common Stock 9.55K Direct F1, F2
holding GLW Restricted Stock Unit 14.4K Feb 8, 2024 Common Stock 14.4K Direct F1, F3
holding GLW Restricted Stock Unit 18.9K Feb 8, 2024 Common Stock 18.9K Direct F1, F4
* 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, 2024. 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) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F4 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.
F5 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.
F6 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.