Eric S. Musser - Apr 15, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
President and COO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 15, 2024
Transactions value $
-$994,553
Form type
4
Date filed
4/17/2024, 03:44 PM
Previous filing
Apr 3, 2024
Next filing
Aug 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +26.7K +14.29% $0.00 214K Apr 15, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +38.6K +18.05% $0.00 252K Apr 15, 2024 Direct
transaction GLW Common Stock Tax liability -$995K -31.8K -12.61% $31.29 220K 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 -26.7K -100% $0.00* 0 Apr 15, 2024 Common Stock 26.7K Direct F3, F10
transaction GLW Performance Share Unit Options Exercise $0 -38.6K -100% $0.00* 0 Apr 15, 2024 Common Stock 38.6K Direct F1, F11
holding GLW Performance Share Unit 12.6K Apr 15, 2024 Common Stock 12.6K Direct F1, F2
holding GLW Restricted Stock Unit 2.12K Apr 15, 2024 Common Stock 2.12K Direct F3, F4
holding GLW Performance Share Unit 17.9K Apr 15, 2024 Common Stock 17.9K Direct F1, F5
holding GLW Performance Share Unit 9.91K Apr 15, 2024 Common Stock 9.91K Direct F1, F6
holding GLW Restricted Stock Unit 37.5K Apr 15, 2024 Common Stock 37.5K Direct F3, F7
holding GLW Restricted Stock Unit 43.6K Apr 15, 2024 Common Stock 43.6K Direct F3, F8
holding GLW Restricted Stock Unit 39K Apr 15, 2024 Common Stock 39K Direct F3, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until vesting. The earned units will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F3 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4 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.
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.