John Z. Zhang - 08 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP&GM Display & Corning Asia
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Feb 2024
Net transactions value
-$78,119
Form type
4
Filing time
12 Feb 2024, 16:18:48 UTC
Previous filing
08 Feb 2024
Next filing
16 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 +4,951 +33% $0.000000 20,175 08 Feb 2024 Direct
transaction GLW Common Stock Options Exercise $0 +1,440 +7.1% $0.000000 21,615 08 Feb 2024 Direct
transaction GLW Common Stock Tax liability $78,119 -2,462 -11% $31.73 19,153 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 -4,951 -33% $0.000000 9,902 08 Feb 2024 Common Stock 4,951 Direct F1, F5
transaction GLW Restricted Stock Unit Options Exercise $0 -1,440 -67% $0.000000 721 08 Feb 2024 Common Stock 1,440 Direct F1, F6
holding GLW Restricted Stock Unit 9,548 08 Feb 2024 Common Stock 9,548 Direct F1, F2
holding GLW Restricted Stock Unit 14,439 08 Feb 2024 Common Stock 14,439 Direct F1, F3
holding GLW Restricted Stock Unit 18,884 08 Feb 2024 Common Stock 18,884 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.