Michael Alan Bell - 04 Feb 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Sr VP & GM, Opt Comm.
Signature
Melissa J. Gambol, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Feb 2025
Net transactions value
-$70,983
Form type
4
Filing time
06 Feb 2025, 16:22:15 UTC
Previous filing
31 Jan 2025
Next filing
10 Feb 2025
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 +462 $0.000000 462 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +432 +94% $0.000000 894 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +470 +53% $0.000000 1,364 04 Feb 2025 Direct F1
transaction GLW Common Stock Tax liability $70,983 -1,364 -100% $52.04 0 04 Feb 2025 Direct
holding GLW Common Stock 733 04 Feb 2025 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 Award $0 +14,464 $0.000000 14,464 04 Feb 2025 Common Stock 14,464 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +13,520 +369% $0.000000 17,184 04 Feb 2025 Common Stock 13,520 Direct F1, F4
transaction GLW Performance Share Unit Award $0 +14,717 +223% $0.000000 21,319 04 Feb 2025 Common Stock 14,717 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -462 -3.2% $0.000000 14,002 04 Feb 2025 Common Stock 462 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -432 -2.5% $0.000000 16,752 04 Feb 2025 Common Stock 432 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -470 -2.2% $0.000000 20,849 04 Feb 2025 Common Stock 470 Direct F1, F8
* 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 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2025.
F3 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 pursuant to the 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
F4 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F6 Vesting to satisfy tax requirement pursuant to the 2024 agreement.
F7 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F8 Vesting to satisfy tax requirement pursuant to the 2022 agreement.