WENDELL P. WEEKS - 05 Jan 2023 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
05 Jan 2023
Transactions value $
-$134,465
Form type
4
Filing time
09 Jan 2023, 15:16:03 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 +3,910 +0.57% $0 687,011 05 Jan 2023 Direct F1
transaction GLW Common Stock Tax liability -$134,464 -3,910 -0.57% $34.39 683,101 05 Jan 2023 Direct F2
holding GLW Common Stock 9,200 05 Jan 2023 Held by Wife F3, F4
holding GLW Common Stock 6,580 05 Jan 2023 Held By Wife - Emp. Ben. Plan F4
holding GLW Common Stock 10,846 05 Jan 2023 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 -3,910 -3.7% $0 100,463 05 Jan 2023 Common Stock 3,910 Direct F1, F5
holding GLW Restricted Stock Unit 147,612 05 Jan 2023 Common Stock 147,612 Direct F1, F6
holding GLW Restricted Stock Unit 76,375 05 Jan 2023 Common Stock 76,375 Direct F1, F7
holding GLW Restricted Stock Unit 2,902 05 Jan 2023 Common Stock 2,902 Direct F1, F8
* 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 Ownership has been updated to reflect the transfer of 627,802 shares of Common Stock that the reporting person held indirectly by trust, into a directly held account.
F3 Ownership has been updated to reflect the transfer of 9,200 shares of Common Stock that the reporting person's wife held indirectly by trust, into an account directly held by wife.
F4 The Reporting Person disclaims beneficial ownership of all securities held by wife.
F5 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F6 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.
F7 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.
F8 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.