Lewis A. Steverson - 08 Aug 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
EVP and CLAO
Signature
Melissa J. Gambol, Power of Attorney
Issuer symbol
GLW
Transactions as of
08 Aug 2024
Net transactions value
-$57,761
Form type
4
Filing time
12 Aug 2024, 16:12:17 UTC
Previous filing
02 May 2024
Next filing
05 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 +1,957 +6.3% $0.000000 33,251 08 Aug 2024 Direct
transaction GLW Common Stock Options Exercise $0 +970 +2.9% $0.000000 34,221 08 Aug 2024 Direct
transaction GLW Common Stock Tax liability $57,761 -1,496 -4.4% $38.61 32,725 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 Performance Share Unit Options Exercise $0 -1,957 -25% $0.000000 5,873 08 Aug 2024 Common Stock 1,957 Direct F1, F8
transaction GLW Restricted Stock Unit Options Exercise $0 -970 -100% $0.000000* 0 08 Aug 2024 Common Stock 970 Direct F4, F9
holding GLW Performance Share Unit 14,287 08 Aug 2024 Common Stock 14,287 Direct F1, F2
holding GLW Performance Share Unit 7,928 08 Aug 2024 Common Stock 7,928 Direct F1, F3
holding GLW Restricted Stock Unit 29,955 08 Aug 2024 Common Stock 29,955 Direct F4, F5
holding GLW Restricted Stock Unit 34,894 08 Aug 2024 Common Stock 34,894 Direct F4, F6
holding GLW Restricted Stock Unit 31,109 08 Aug 2024 Common Stock 31,109 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.