Edward A. Schlesinger - 04 Feb 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Melissa J. Gambol, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Feb 2025
Net transactions value
-$102,727
Form type
4
Filing time
06 Feb 2025, 16:27:06 UTC
Previous filing
06 Jan 2025
Next filing
12 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 +733 +0.92% $0.000000 80,640 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +644 +0.8% $0.000000 81,284 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +597 +0.73% $0.000000 81,881 04 Feb 2025 Direct F1
transaction GLW Common Stock Tax liability $102,727 -1,974 -2.4% $52.04 79,907 04 Feb 2025 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 Award $0 +20,662 $0.000000 20,662 04 Feb 2025 Common Stock 20,662 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +18,154 +370% $0.000000 23,056 04 Feb 2025 Common Stock 18,154 Direct F1, F4
transaction GLW Performance Share Unit Award $0 +16,818 +224% $0.000000 24,339 04 Feb 2025 Common Stock 16,818 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -733 -3.5% $0.000000 19,929 04 Feb 2025 Common Stock 733 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -644 -2.8% $0.000000 22,412 04 Feb 2025 Common Stock 644 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -597 -2.5% $0.000000 23,742 04 Feb 2025 Common Stock 597 Direct F1, F8
holding GLW Performance Share Unit 4,245 04 Feb 2025 Common Stock 4,245 Direct F1, F2
* 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 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until vesting. The earned units 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.
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.