Key facts
- This page summarizes David L. Morse's Form 4 filing for CORNING INC /NY (GLW).
- 5 reported transactions and 7 derivative rows are listed below.
- Accepted by SEC: 18 May 2022, 16:19.
David L. Morse - 16 May 2022 Form 4 Insider Report for CORNING INC /NY (GLW)
- Reporting relationship
- Exec. VP & Chief Tech. Officer
- Issuer ticker
- GLW
- Reported as of
- 16 May 2022
- Net transaction value
- -$195,360
- SEC form
- 4
- Accepted by SEC
- 18 May 2022, 16:19:20 UTC
- Prior SEC filing
- 20 Apr 2022
- Source filing
- View source filing
- Reporting owner signature
- Linda E. Jolly, Power of Attorney
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
David L. Morse filed Form 4 for CORNING INC /NY (GLW) on 18 May 2022.
Change
- Previous filing in this sequence was filed on 20 Apr 2022.
- Current net transaction value: -$195,360.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GLW
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +9,809
- Change %
- +114%
- Price
- $0.000000
- Shares after
- 18,401
- Date
- 16 May 2022
- Ownership
- Direct
GLW
transaction
Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +1,061
- Change %
- +5.8%
- Price
- $0.000000
- Shares after
- 19,462
- Date
- 16 May 2022
- Ownership
- Direct
GLW
transaction
Common Stock
Tax liability
- Transaction value
- $195,360
- Shares
- -5,550
- Change %
- -29%
- Price
- $35.20
- Shares after
- 13,912
- Date
- 16 May 2022
- Ownership
- Direct
GLW
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 55,800
- Date
- 16 May 2022
- Ownership
- By Morse Family Trust
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GLW
transaction
Derivative
Performance Share Unit
Options Exercise
- Transaction value
- $0
- Shares
- -9,809
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 9,809
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 9,809
- Exercise price
- Footnotes
- F2, F3
GLW
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -1,061
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 1,062
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,061
- Exercise price
- Footnotes
- F4, F5
GLW
holding
Derivative
Restricted Stock Unit
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 36,142
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 36,142
- Exercise price
- Footnotes
- F4, F6
GLW
holding
Derivative
Performance Share Unit
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 58,252
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 58,252
- Exercise price
- Footnotes
- F2, F7
GLW
holding
Derivative
Restricted Stock Unit
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 15,857
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 15,857
- Exercise price
- Footnotes
- F4, F8
GLW
holding
Derivative
Performance Share Unit
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 12,691
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 12,691
- Exercise price
- Footnotes
- F2, F9
GLW
holding
Derivative
Restricted Stock Unit
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 20,215
- Date
- 16 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 20,215
- Exercise price
- Footnotes
- F4, F10
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 10 footnotes
Footnote F1
The reporting person is trustee and beneficiary of the trust.
Footnote F2
Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
Footnote F3
Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned units remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to GLW common stock, subject to service-based vesting requirement.
Footnote F4
Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
Footnote F5
The restricted stock units will vest ratably over three years from grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.
Footnote F6
The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
Footnote F7
Earned performance share units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
Footnote F8
The Restricted Stock Units vest 100% on April 15, 2024. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
Footnote F9
Earned performance share units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
Footnote F10
The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.