Edward A. Schlesinger - 15 Apr 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
15 Apr 2024
Net transactions value
-$150,505
Form type
4
Filing time
17 Apr 2024, 15:46:32 UTC
Previous filing
03 Apr 2024
Next filing
12 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +5,856 +8.5% $0.000000 74,929 15 Apr 2024 Direct
transaction GLW Common Stock Options Exercise $0 +8,415 +11% $0.000000 83,344 15 Apr 2024 Direct
transaction GLW Common Stock Tax liability $150,505 -4,810 -5.8% $31.29 78,534 15 Apr 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 -5,856 -100% $0.000000* 0 15 Apr 2024 Common Stock 5,856 Direct F3, F10
transaction GLW Performance Share Unit Options Exercise $0 -8,415 -100% $0.000000* 0 15 Apr 2024 Common Stock 8,415 Direct F1, F11
holding GLW Performance Share Unit 5,660 15 Apr 2024 Common Stock 5,660 Direct F1, F2
holding GLW Restricted Stock Unit 925 15 Apr 2024 Common Stock 925 Direct F3, F4
holding GLW Performance Share Unit 7,521 15 Apr 2024 Common Stock 7,521 Direct F1, F5
holding GLW Performance Share Unit 4,902 15 Apr 2024 Common Stock 4,902 Direct F1, F6
holding GLW Restricted Stock Unit 15,614 15 Apr 2024 Common Stock 15,614 Direct F3, F7
holding GLW Restricted Stock Unit 22,957 15 Apr 2024 Common Stock 22,957 Direct F3, F8
holding GLW Restricted Stock Unit 19,088 15 Apr 2024 Common Stock 19,088 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.