Wendell P. Weeks - Apr 15, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Signature
Linda E. Jolly, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 15, 2024
Transactions value $
-$2,833,591
Form type
4
Date filed
4/17/2024, 03:49 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 +76.4K +8.89% $0.00 936K Apr 15, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +110K +11.71% $0.00 1.05M Apr 15, 2024 Direct
transaction GLW Common Stock Tax liability -$2.83M -90.6K -8.66% $31.29 955K Apr 15, 2024 Direct
holding GLW Common Stock 9.2K Apr 15, 2024 Held by Spouse F1
holding GLW Common Stock 6.86K Apr 15, 2024 Held By Spouse - Emp. Ben. Plan F1, F2
holding GLW Common Stock 11.3K Apr 15, 2024 Trustee U/employee Benefit Plan F2

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 -76.4K -100% $0.00* 0 Apr 15, 2024 Common Stock 76.4K Direct F5, F12
transaction GLW Performance Share Unit Options Exercise $0 -110K -100% $0.00* 0 Apr 15, 2024 Common Stock 110K Direct F3, F13
holding GLW Performance Share Unit 22.9K Apr 15, 2024 Common Stock 22.9K Direct F3, F4
holding GLW Restricted Stock Unit 3.6K Apr 15, 2024 Common Stock 3.6K Direct F5, F6
holding GLW Performance Share Unit 47.6K Apr 15, 2024 Common Stock 47.6K Direct F3, F7
holding GLW Performance Share Unit 26.4K Apr 15, 2024 Common Stock 26.4K Direct F3, F8
holding GLW Restricted Stock Unit 100K Apr 15, 2024 Common Stock 100K Direct F5, F9
holding GLW Restricted Stock Unit 116K Apr 15, 2024 Common Stock 116K Direct F5, F10
holding GLW Restricted Stock Unit 104K Apr 15, 2024 Common Stock 104K Direct F5, F11
* 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 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 28, 2024.
F3 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4 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.
F5 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6 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.
F7 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F8 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
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.
F10 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.
F11 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.
F12 The restricted stock units (RSUs) vested 100% on April 15, 2024.
F13 The performance share units (PSUs) vested 100% on April 15, 2024.