Lewis A. Steverson - Apr 15, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
EVP and CLAO
Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 15, 2024
Transactions value $
-$836,319
Form type
4
Date filed
4/17/2024, 03:47 PM
Previous filing
Apr 3, 2024
Next filing
May 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +22.4K +67.72% $0.00 55.6K Apr 15, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +32.5K +58.42% $0.00 88K Apr 15, 2024 Direct
transaction GLW Common Stock Tax liability -$836K -26.7K -30.37% $31.29 61.3K 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 -22.4K -100% $0.00* 0 Apr 15, 2024 Common Stock 22.4K Direct F3, F10
transaction GLW Performance Share Unit Options Exercise $0 -32.5K -100% $0.00* 0 Apr 15, 2024 Common Stock 32.5K Direct F1, F11
holding GLW Performance Share Unit 7.83K Apr 15, 2024 Common Stock 7.83K Direct F1, F2
holding GLW Restricted Stock Unit 970 Apr 15, 2024 Common Stock 970 Direct F3, F4
holding GLW Performance Share Unit 14.3K Apr 15, 2024 Common Stock 14.3K Direct F1, F5
holding GLW Performance Share Unit 7.93K Apr 15, 2024 Common Stock 7.93K Direct F1, F6
holding GLW Restricted Stock Unit 30K Apr 15, 2024 Common Stock 30K Direct F3, F7
holding GLW Restricted Stock Unit 34.9K Apr 15, 2024 Common Stock 34.9K Direct F3, F8
holding GLW Restricted Stock Unit 31.1K Apr 15, 2024 Common Stock 31.1K 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.