Avery H. Nelson III - 04 Feb 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
SVP&GM Auto., Life Sc. & Solar
Signature
Melissa J. Gambol, Power of Attorney
Issuer symbol
GLW
Transactions as of
04 Feb 2025
Net transactions value
-$95,910
Form type
4
Filing time
06 Feb 2025, 16:25:29 UTC
Previous filing
06 Jan 2025
Next filing
12 Feb 2025
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 +718 +1.2% $0.000000 61,267 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +603 +0.98% $0.000000 61,870 04 Feb 2025 Direct F1
transaction GLW Common Stock Options Exercise $0 +522 +0.84% $0.000000 62,392 04 Feb 2025 Direct F1
transaction GLW Common Stock Tax liability $95,910 -1,843 -3% $52.04 60,549 04 Feb 2025 Direct
holding GLW Common Stock 3,772 04 Feb 2025 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 +20,248 $0.000000 20,248 04 Feb 2025 Common Stock 20,248 Direct F1, F3
transaction GLW Performance Share Unit Award $0 +16,996 +370% $0.000000 21,586 04 Feb 2025 Common Stock 16,996 Direct F1, F4
transaction GLW Performance Share Unit Award $0 +14,717 +225% $0.000000 21,264 04 Feb 2025 Common Stock 14,717 Direct F1, F5
transaction GLW Performance Share Unit Options Exercise $0 -718 -3.5% $0.000000 19,530 04 Feb 2025 Common Stock 718 Direct F1, F6
transaction GLW Performance Share Unit Options Exercise $0 -603 -2.8% $0.000000 20,983 04 Feb 2025 Common Stock 603 Direct F1, F7
transaction GLW Performance Share Unit Options Exercise $0 -522 -2.5% $0.000000 20,742 04 Feb 2025 Common Stock 522 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, 2025.
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 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
F4 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.
F5 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.
F6 Vesting to satisfy tax requirement pursuant to the 2024 agreement.
F7 Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F8 Vesting to satisfy tax requirement pursuant to the 2022 agreement.