Lawrence D. McRae - Mar 21, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Vice Chairman
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Mar 21, 2024
Transactions value $
-$482,308
Form type
4
Date filed
3/22/2024, 04:01 PM
Previous filing
Feb 8, 2024
Next filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $1.01M +37.5K +17.42% $27.00 253K Mar 21, 2024 Direct
transaction GLW Common Stock Options Exercise $1.08M +40K +15.81% $27.03 293K Mar 21, 2024 Direct
transaction GLW Common Stock Sale -$2.58M -77.5K -26.46% $33.24 215K Mar 21, 2024 Direct F1
holding GLW Common Stock 1.05K Mar 21, 2024 Held by Spouse F2

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 Stock Options (Right to Buy) Options Exercise $0 -37.5K -100% $0.00* 0 Mar 21, 2024 Common Stock 37.5K $27.00 Direct F3
transaction GLW Stock Options (Right to Buy) Options Exercise $0 -40K -100% $0.00* 0 Mar 21, 2024 Common Stock 40K $27.03 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.23 to $33.28, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote.
F2 The reporting person disclaims beneficial ownership of all securities held by spouse.
F3 The options vest 100% at the end of three years from grant date.