Jeffrey W. Evenson - Apr 15, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Chief Strategy Off
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 15, 2024
Transactions value $
-$410,024
Form type
4
Date filed
4/17/2024, 03:42 PM
Previous filing
Feb 12, 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 +11.6K +11.48% $0.00 112K Apr 15, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +16.9K +15.06% $0.00 129K Apr 15, 2024 Direct
transaction GLW Common Stock Tax liability -$410K -13.1K -10.13% $31.29 116K Apr 15, 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 -11.6K -100% $0.00* 0 Apr 15, 2024 Common Stock 11.6K Direct F1, F9
transaction GLW Performance Share Unit Options Exercise $0 -16.9K -100% $0.00* 0 Apr 15, 2024 Common Stock 16.9K Direct F4, F10
holding GLW Restricted Stock Unit 13.1K Apr 15, 2024 Common Stock 13.1K Direct F1, F2
holding GLW Restricted Stock Unit 1.79K Apr 15, 2024 Common Stock 1.79K Direct F1, F3
holding GLW Performance Share Unit 7.9K Apr 15, 2024 Common Stock 7.9K Direct F4, F5
holding GLW Performance Share Unit 4.38K Apr 15, 2024 Common Stock 4.38K Direct F4, F6
holding GLW Restricted Stock Unit 16.4K Apr 15, 2024 Common Stock 16.4K Direct F1, F7
holding GLW Restricted Stock Unit 17K Apr 15, 2024 Common Stock 17K Direct F1, F8
* 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, 2026. 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) vested 100% on April 15, 2024.
F10 The performance share units (PSUs) vested 100% on April 15, 2024.