Martin J. Curran - Apr 15, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Innovation Officer
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 15, 2024
Transactions value $
-$463,155
Form type
4
Date filed
4/17/2024, 03:42 PM
Previous filing
Apr 3, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +12.9K +285.54% $0.00 17.4K Apr 15, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +18.8K +108.07% $0.00 36.2K Apr 15, 2024 Direct
transaction GLW Common Stock Tax liability -$463K -14.8K -40.87% $31.29 21.4K Apr 15, 2024 Direct
holding GLW Common Stock - Jt. Tenant W/wife 65.6K Apr 15, 2024 By Trust

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 -12.9K -100% $0.00* 0 Apr 15, 2024 Common Stock 12.9K Direct F1, F10
transaction GLW Performance Share Unit Options Exercise $0 -18.8K -100% $0.00* 0 Apr 15, 2024 Common Stock 18.8K Direct F4, F11
holding GLW Restricted Stock Unit 12.9K Apr 15, 2024 Common Stock 12.9K Direct F1, F2
holding GLW Restricted Stock Unit 1.75K Apr 15, 2024 Common Stock 1.75K Direct F1, F3
holding GLW Performance Share Unit 7.8K Apr 15, 2024 Common Stock 7.8K Direct F4, F5
holding GLW Performance Share Unit 4.33K Apr 15, 2024 Common Stock 4.33K Direct F4, F6
holding GLW Restricted Stock Unit 16.2K Apr 15, 2024 Common Stock 16.2K Direct F1, F7
holding GLW Restricted Stock Unit 19.1K Apr 15, 2024 Common Stock 19.1K Direct F1, F8
holding GLW Restricted Stock Unit 16.8K Apr 15, 2024 Common Stock 16.8K 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.