Edward A. Schlesinger - Aug 8, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Melissa J. Gambol, Power of Attorney
Stock symbol
GLW
Transactions as of
Aug 8, 2024
Transactions value $
-$37,336
Form type
4
Date filed
8/12/2024, 04:10 PM
Previous filing
Apr 17, 2024
Next filing
Nov 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GLW Common Stock Options Exercise $0 +1.42K +1.8% $0.00 79.9K Aug 8, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +925 +1.16% $0.00 80.9K Aug 8, 2024 Direct
transaction GLW Common Stock Tax liability -$37.3K -967 -1.2% $38.61 79.9K Aug 8, 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 Performance Share Unit Options Exercise $0 -1.42K -25% $0.00 4.25K Aug 8, 2024 Common Stock 1.42K Direct F1, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -925 -100% $0.00* 0 Aug 8, 2024 Common Stock 925 Direct F4, F9
holding GLW Performance Share Unit 7.52K Aug 8, 2024 Common Stock 7.52K Direct F1, F2
holding GLW Performance Share Unit 4.9K Aug 8, 2024 Common Stock 4.9K Direct F1, F3
holding GLW Restricted Stock Unit 15.6K Aug 8, 2024 Common Stock 15.6K Direct F4, F5
holding GLW Restricted Stock Unit 23K Aug 8, 2024 Common Stock 23K Direct F4, F6
holding GLW Restricted Stock Unit 19.1K Aug 8, 2024 Common Stock 19.1K Direct F4, F7
* 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 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F3 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F4 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F5 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.
F6 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.
F7 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.
F8 The performance share units (PSUs) earned February 7, 2024 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.
F9 The restricted stock units (RSUs) granted on February 8, 2023 vest 2/3 after 1 year and 1/3 after 18 months from the grant date.