Stefan Becker - 15 Apr 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
15 Apr 2024
Net transactions value
-$168,278
Form type
4
Filing time
17 Apr 2024, 15:40:13 UTC
Previous filing
03 Apr 2024
Next filing
12 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +6,138 +18% $0.000000 39,572 15 Apr 2024 Direct
transaction GLW Common Stock Options Exercise $0 +8,777 +22% $0.000000 48,349 15 Apr 2024 Direct
transaction GLW Common Stock Tax liability $168,278 -5,378 -11% $31.29 42,971 15 Apr 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 -6,138 -100% $0.000000* 0 15 Apr 2024 Common Stock 6,138 Direct F1, F10
transaction GLW Performance Share Unit Options Exercise $0 -8,777 -100% $0.000000* 0 15 Apr 2024 Common Stock 8,777 Direct F4, F11
holding GLW Restricted Stock Unit 8,438 15 Apr 2024 Common Stock 8,438 Direct F1, F2
holding GLW Restricted Stock Unit 1,315 15 Apr 2024 Common Stock 1,315 Direct F1, F3
holding GLW Performance Share Unit 6,238 15 Apr 2024 Common Stock 6,238 Direct F4, F5
holding GLW Performance Share Unit 3,461 15 Apr 2024 Common Stock 3,461 Direct F4, F6
holding GLW Restricted Stock Unit 13,201 15 Apr 2024 Common Stock 13,201 Direct F1, F7
holding GLW Restricted Stock Unit 14,692 15 Apr 2024 Common Stock 14,692 Direct F1, F8
holding GLW Restricted Stock Unit 13,734 15 Apr 2024 Common Stock 13,734 Direct F1, F9
* 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) 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 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.
F4 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F5 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F6 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F7 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.
F8 The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F9 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.
F10 The restricted stock units (RSUs) vested 100% on April 15, 2024.
F11 The performance share units (PSUs) vested 100% on April 15, 2024.