Lawrence D. McRae - Apr 15, 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
Apr 15, 2024
Transactions value $
-$629,461
Form type
4
Date filed
4/17/2024, 03:43 PM
Previous filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +16.9K +7.83% $0.00 232K Apr 15, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +24.5K +10.54% $0.00 257K Apr 15, 2024 Direct
transaction GLW Common Stock Tax liability -$629K -20.1K -7.84% $31.29 236K Apr 15, 2024 Direct
holding GLW Common Stock 1.05K Apr 15, 2024 Held by Spouse F1

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 -16.9K -100% $0.00* 0 Apr 15, 2024 Common Stock 16.9K Direct F5, F7
transaction GLW Performance Share Unit Options Exercise $0 -24.5K -100% $0.00* 0 Apr 15, 2024 Common Stock 24.5K Direct F2, F8
holding GLW Performance Share Unit 9.78K Apr 15, 2024 Common Stock 9.78K Direct F2, F3
holding GLW Performance Share Unit 5.42K Apr 15, 2024 Common Stock 5.42K Direct F2, F4
holding GLW Restricted Stock Unit 21.2K Apr 15, 2024 Common Stock 21.2K Direct F5, F6
holding GLW Restricted Stock Unit 20.4K Apr 15, 2024 Common Stock 20.4K Direct F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of all securities held by spouse.
F2 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F4 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6 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.
F7 The restricted stock units (RSUs) vested 100% on April 15, 2024.
F8 The performance share units (PSUs) vested 100% on April 15, 2024.
F9 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.