Jeffrey W. Evenson - 08 Feb 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
08 Feb 2023
Net transactions value
-$26,812
Form type
4
Filing time
10 Feb 2023, 14:53:54 UTC
Previous filing
09 Jan 2023
Next filing
05 Apr 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 +136 +0.25% 53,622 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +96 +0.18% 53,718 08 Feb 2023 Direct F1
transaction GLW Common Stock Options Exercise +531 +0.99% 54,249 08 Feb 2023 Direct F1
transaction GLW Common Stock Tax liability $26,812 -763 -1.4% $35.14 53,486 08 Feb 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 Award $0 +5,373 $0.000000 5,373 08 Feb 2023 Common Stock 5,373 Direct F2, F7, F8
transaction GLW Restricted Stock Unit Award $0 +19,700 $0.000000 19,700 08 Feb 2023 Common Stock 19,700 Direct F2, F9, F10
transaction GLW Performance Share Unit Award $0 +3,821 $0.000000 3,821 08 Feb 2023 Common Stock 3,821 Direct F1, F11
transaction GLW Performance Share Unit Award $0 +2,707 +29% $0.000000 12,031 08 Feb 2023 Common Stock 2,707 Direct F1, F12
transaction GLW Performance Share Unit Award $0 +14,975 +40% $0.000000 51,989 08 Feb 2023 Common Stock 14,975 Direct F1, F13
transaction GLW Performance Share Unit Options Exercise -136 -3.6% 3,685 08 Feb 2023 Common Stock 136 Direct F1, F11
transaction GLW Performance Share Unit Options Exercise -96 -0.8% 11,935 08 Feb 2023 Common Stock 96 Direct F1, F12
transaction GLW Performance Share Unit Options Exercise -531 -1% 51,458 08 Feb 2023 Common Stock 531 Direct F1, F13
holding GLW Restricted Stock Unit 22,870 08 Feb 2023 Common Stock 22,870 Direct F2, F3
holding GLW Restricted Stock Unit 11,577 08 Feb 2023 Common Stock 11,577 Direct F2, F4
holding GLW Restricted Stock Unit 16,415 08 Feb 2023 Common Stock 16,415 Direct F2, F5
holding GLW Restricted Stock Unit 7,507 08 Feb 2023 Common Stock 7,507 Direct F2, F6
holding GLW Restricted Stock Unit 867 08 Feb 2023 Common Stock 867 Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3 The restricted stock units (RSUs) vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F4 The restricted stock units (RSUs) vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F5 The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F6 The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date.
F7 Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $143,000 of their cash compensation for 5,373 RSUs.
F8 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F9 The reporting person was granted restricted stock units (RSUs) in lieu of the cash payment to be paid under the 2023 performance incentive plan (PIP). The reporting person was granted 19,700 RSUs in exchange for the cash payment of $572,000 under the PIP.
F10 The restricted stock units (RSUs) vest 1/3 after 1 year from grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F11 Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F12 Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F13 Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.