Avery H. Nelson III - 07 Feb 2024 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Sr VP & GM, Automotive & Solar
Signature
Linda E. Jolly, Power of Attorney
Issuer symbol
GLW
Transactions as of
07 Feb 2024
Net transactions value
-$14,019
Form type
4
Filing time
08 Feb 2024, 16:27:14 UTC
Previous filing
08 Jan 2024
Next filing
12 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 +169 +0.42% $0.000000 40,812 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +129 +0.32% $0.000000 40,941 07 Feb 2024 Direct F1
transaction GLW Common Stock Options Exercise $0 +143 +0.35% $0.000000 41,084 07 Feb 2024 Direct F1
transaction GLW Common Stock Tax liability $14,019 -441 -1.1% $31.79 40,643 07 Feb 2024 Direct
holding GLW Common Stock 3,670 07 Feb 2024 Trustee u/Employee Benefit Plan F2

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 Performance Share Unit Award $0 +4,759 $0.000000 4,759 07 Feb 2024 Common Stock 4,759 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +3,638 +120% $0.000000 6,676 07 Feb 2024 Common Stock 3,638 Direct F1, F4
transaction GLW Performance Share Unit Award $0 +4,029 +44% $0.000000 13,210 07 Feb 2024 Common Stock 4,029 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -169 -3.6% $0.000000 4,590 07 Feb 2024 Common Stock 169 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -129 -1.9% $0.000000 6,547 07 Feb 2024 Common Stock 129 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -143 -1.1% $0.000000 13,067 07 Feb 2024 Common Stock 143 Direct F1, F8
* 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 Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2024.
F3 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F4 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 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.
F5 Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 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.
F6 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F7 Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F8 Vesting to satisfy tax requirement pursuant to the 2021 agreement.