Li Fang - 08 Aug 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP, Corning Intl & NBD, Solar
Signature
Melissa J. Gambol, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Aug 2024
Net transactions value
-$112,818
Form type
4
Filing time
12 Aug 2024, 16:08:35 UTC
Previous filing
23 Feb 2024
Next filing
01 Nov 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 +1,943 $0.000000 1,943 08 Aug 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +979 +50% $0.000000 2,922 08 Aug 2024 Direct F1
transaction GLW Common Stock Disposed to Issuer $112,818 -2,922 -100% $38.61 0 08 Aug 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 -1,943 -25% $0.000000 5,831 08 Aug 2024 Common Stock 1,943 Direct F1, F2
transaction GLW Restricted Stock Unit Options Exercise $0 -979 -100% $0.000000* 0 08 Aug 2024 Common Stock 979 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Corning Incorporated common stock.
F2 The cash-settled RSUs granted on February 8, 2023 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.
F3 The cash-settled RSUs granted on February 8, 2023 vest 2/3 after 1 year and 1/3 after 18 months from the grant date.