Avery H. Nelson III - 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
-$287,680
Form type
4
Filing time
17 Apr 2024, 15:45:40 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 +9,110 +20% $0.000000 54,760 15 Apr 2024 Direct
transaction GLW Common Stock Options Exercise $0 +13,067 +24% $0.000000 67,827 15 Apr 2024 Direct
transaction GLW Common Stock Tax liability $287,680 -9,194 -14% $31.29 58,633 15 Apr 2024 Direct
holding GLW Common Stock 3,701 15 Apr 2024 Trustee u/Employee Benefit Plan 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 -9,110 -100% $0.000000* 0 15 Apr 2024 Common Stock 9,110 Direct F2, F11
transaction GLW Performance Share Unit Options Exercise $0 -13,067 -100% $0.000000* 0 15 Apr 2024 Common Stock 13,067 Direct F5, F12
holding GLW Restricted Stock Unit 9,902 15 Apr 2024 Common Stock 9,902 Direct F2, F3
holding GLW Restricted Stock Unit 1,441 15 Apr 2024 Common Stock 1,441 Direct F2, F4
holding GLW Performance Share Unit 6,547 15 Apr 2024 Common Stock 6,547 Direct F5, F6
holding GLW Performance Share Unit 4,590 15 Apr 2024 Common Stock 4,590 Direct F5, F7
holding GLW Restricted Stock Unit 13,777 15 Apr 2024 Common Stock 13,777 Direct F2, F8
holding GLW Restricted Stock Unit 22,498 15 Apr 2024 Common Stock 22,498 Direct F2, F9
holding GLW Restricted Stock Unit 17,838 15 Apr 2024 Common Stock 17,838 Direct F2, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 28, 2024.
F2 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3 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.
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 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F7 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F8 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.
F9 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.
F10 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.
F11 The restricted stock units (RSUs) vested 100% on April 15, 2024.
F12 The performance share units (PSUs) vested 100% on April 15, 2024.