Jeffrey W. Evenson - Feb 4, 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Retired Exec. VP
Signature
Melissa J. Gambol, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 4, 2025
Transactions value $
-$58,493
Form type
4
Date filed
2/6/2025, 04:23 PM
Previous filing
Aug 21, 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 +538 $0.00 538 Feb 4, 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +586 +108.92% $0.00 1.12K Feb 4, 2025 Direct F1
transaction GLW Common Stock Tax liability -$58.5K -1.12K -100% $52.04 0 Feb 4, 2025 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 Performance Share Unit Award $0 +16.2K +370.33% $0.00 20.6K Feb 4, 2025 Common Stock 16.2K Direct F1, F2
transaction GLW Performance Share Unit Award $0 +17.7K +223.67% $0.00 25.6K Feb 4, 2025 Common Stock 17.7K Direct F1, F3
transaction GLW Performance Share Unit Options Exercise $0 -538 -2.61% $0.00 20.1K Feb 4, 2025 Common Stock 538 Direct F1, F4
transaction GLW Performance Share Unit Options Exercise $0 -586 -2.29% $0.00 25K Feb 4, 2025 Common Stock 586 Direct F1, F5
* 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 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 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.
F3 Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 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.
F4 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F5 Vesting to satisfy tax requirement pursuant to the 2022 agreement.