WENDELL P. WEEKS - 18 Apr 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Chairman and CEO, Director
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
18 Apr 2022
Transactions value $
-$1,139,014
Form type
4
Filing time
20 Apr 2022, 16:25:07 UTC
Previous filing
05 Apr 2022
Next filing
18 May 2022
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 +69,052 $0 69,052 18 Apr 2022 Direct
transaction GLW Common Stock Tax liability -$1,139,014 -33,629 -48.7% $33.87 35,423 18 Apr 2022 Direct
holding GLW Common Stock 627,802 18 Apr 2022 By Trust
holding GLW Common Stock 6,416 18 Apr 2022 Held By Wife - Emp. Ben. Plan F1
holding GLW Common Stock 9,200 18 Apr 2022 Held By Wife - In Trust F1
holding GLW Common Stock 10,576 18 Apr 2022 Trustee U/employee Benefit Plan

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 Restricted Stock Unit Options Exercise $0 -69,052 -100% $0* 0 18 Apr 2022 Common Stock 69,052 Direct F2, F3
holding GLW Restricted Stock Unit 147,612 18 Apr 2022 Common Stock 147,612 Direct F2, F4
holding GLW Restricted Stock Unit 5,803 18 Apr 2022 Common Stock 5,803 Direct F2, F5
holding GLW Restricted Stock Unit 76,375 18 Apr 2022 Common Stock 76,375 Direct F2, F6
holding GLW Restricted Stock Unit 104,373 18 Apr 2022 Common Stock 104,373 Direct F2, F7
* 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 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F3 The Restricted Stock Units vested 100% on April 18, 2022.
F4 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.
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.
F6 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.
F7 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.