Jeffrey W. Evenson - 04 Jan 2024 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
04 Jan 2024
Transactions value $
-$30,310
Form type
4
Filing time
08 Jan 2024, 16:10:01 UTC
Previous filing
27 Nov 2023
Next filing
08 Feb 2024
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 +1,001 +1.06% $0 95,377 04 Jan 2024 Direct
transaction GLW Common Stock Tax liability -$30,310 -1,001 -1.05% $30.28 94,376 04 Jan 2024 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 -1,001 -5.55% $0 17,025 04 Jan 2024 Common Stock 1,001 Direct F1, F6
holding GLW Restricted Stock Unit 19,700 04 Jan 2024 Common Stock 19,700 Direct F1, F2
holding GLW Restricted Stock Unit 5,373 04 Jan 2024 Common Stock 5,373 Direct F1, F3
holding GLW Restricted Stock Unit 11,577 04 Jan 2024 Common Stock 11,577 Direct F1, F4
holding GLW Restricted Stock Unit 16,415 04 Jan 2024 Common Stock 16,415 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 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.
F3 The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant 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 Vesting to satisfy tax requirement pursuant to the 2023 agreement.