Edward A. Schlesinger - 10 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
10 Feb 2025
Net transactions value
-$27,109
Form type
4
Filing time
12 Feb 2025, 16:19:24 UTC
Previous filing
06 Feb 2025
Next filing
21 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 +1,415 +1.8% $0.000000 81,322 10 Feb 2025 Direct
transaction GLW Common Stock Tax liability $27,109 -511 -0.63% $53.05 80,811 10 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 Options Exercise $0 -1,415 -33% $0.000000 2,830 10 Feb 2025 Common Stock 1,415 Direct F1, F5
holding GLW Performance Share Unit 23,742 10 Feb 2025 Common Stock 23,742 Direct F1, F2
holding GLW Performance Share Unit 22,412 10 Feb 2025 Common Stock 22,412 Direct F1, F3
holding GLW Performance Share Unit 19,929 10 Feb 2025 Common Stock 19,929 Direct F1, F4
* 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 Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 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.