Wendell P. Weeks - Aug 8, 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Signature
Melissa J. Gambol, Power of Attorney
Stock symbol
GLW
Transactions as of
Aug 8, 2024
Transactions value $
-$183,938
Form type
4
Date filed
8/12/2024, 04:13 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 +5.73K +0.6% $0.00 961K Aug 8, 2024 Direct
transaction GLW Common Stock Options Exercise $0 +3.6K +0.37% $0.00 964K Aug 8, 2024 Direct
transaction GLW Common Stock Tax liability -$184K -4.76K -0.49% $38.61 959K Aug 8, 2024 Direct
holding GLW Common Stock 9.2K Aug 8, 2024 Held by Spouse F1
holding GLW Common Stock 6.91K Aug 8, 2024 Held By Spouse - Emp. Ben. Plan F1, F2
holding GLW Common Stock 11.4K Aug 8, 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 Performance Share Unit Options Exercise $0 -5.73K -25% $0.00 17.2K Aug 8, 2024 Common Stock 5.73K Direct F3, F10
transaction GLW Restricted Stock Unit Options Exercise $0 -3.6K -100% $0.00* 0 Aug 8, 2024 Common Stock 3.6K Direct F6, F11
holding GLW Performance Share Unit 47.6K Aug 8, 2024 Common Stock 47.6K Direct F3, F4
holding GLW Performance Share Unit 26.4K Aug 8, 2024 Common Stock 26.4K Direct F3, F5
holding GLW Restricted Stock Unit 100K Aug 8, 2024 Common Stock 100K Direct F6, F7
holding GLW Restricted Stock Unit 116K Aug 8, 2024 Common Stock 116K Direct F6, F8
holding GLW Restricted Stock Unit 104K Aug 8, 2024 Common Stock 104K Direct F6, F9
* 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 July 31, 2024.
F3 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F6 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
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 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.
F11 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.