Jeffrey W. Evenson - 05 Jan 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. VP & Chief Strategy Off
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
05 Jan 2023
Net transactions value
-$31,364
Form type
4
Filing time
09 Jan 2023, 15:08:21 UTC
Previous filing
18 May 2022
Next filing
10 Feb 2023
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 +912 +1.7% $0.000000 54,398 05 Jan 2023 Direct F1
transaction GLW Common Stock Tax liability $31,364 -912 -1.7% $34.39 53,486 05 Jan 2023 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 Restricted Stock Unit Options Exercise $0 -912 -5.3% $0.000000 16,415 05 Jan 2023 Common Stock 912 Direct F1, F2
holding GLW Restricted Stock Unit 22,870 05 Jan 2023 Common Stock 22,870 Direct F1, F3
holding GLW Restricted Stock Unit 11,577 05 Jan 2023 Common Stock 11,577 Direct F1, F4
holding GLW Restricted Stock Unit 7,507 05 Jan 2023 Common Stock 7,507 Direct F1, F5
holding GLW Restricted Stock Unit 867 05 Jan 2023 Common Stock 867 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F3 The Restricted Stock Units vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
F4 The Restricted Stock Units vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
F5 The Restricted Stock Units vest ratably over three years from grant date. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.