LEWIS A. STEVERSON - 05 Jan 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
EVP and CLAO
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
05 Jan 2023
Net transactions value
-$48,077
Form type
4
Filing time
09 Jan 2023, 15:14:51 UTC
Previous filing
17 Aug 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 +1,398 $0.000000 1,398 05 Jan 2023 Direct F1
transaction GLW Common Stock Tax liability $48,077 -1,398 -100% $34.39 0 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 -1,398 -4.5% $0.000000 29,955 05 Jan 2023 Common Stock 1,398 Direct F1, F2
holding GLW Restricted Stock Unit 35,689 05 Jan 2023 Common Stock 35,689 Direct F1, F3
holding GLW Restricted Stock Unit 22,430 05 Jan 2023 Common Stock 22,430 Direct F1, F4
holding GLW Restricted Stock Unit 9,966 05 Jan 2023 Common Stock 9,966 Direct F1, F5
holding GLW Restricted Stock Unit 1,116 05 Jan 2023 Common Stock 1,116 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.