Edward A. Schlesinger - Feb 10, 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Exec. Vice President and CFO
Signature
Melissa J. Gambol, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 10, 2025
Transactions value $
-$27,109
Form type
4
Date filed
2/12/2025, 04:19 PM
Previous filing
Feb 6, 2025
Next filing
Feb 21, 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 +1.42K +1.77% $0.00 81.3K Feb 10, 2025 Direct
transaction GLW Common Stock Tax liability -$27.1K -511 -0.63% $53.05 80.8K Feb 10, 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 Options Exercise $0 -1.42K -33.33% $0.00 2.83K Feb 10, 2025 Common Stock 1.42K Direct F1, F5
holding GLW Performance Share Unit 23.7K Feb 10, 2025 Common Stock 23.7K Direct F1, F2
holding GLW Performance Share Unit 22.4K Feb 10, 2025 Common Stock 22.4K Direct F1, F3
holding GLW Performance Share Unit 19.9K Feb 10, 2025 Common Stock 19.9K Direct F1, F4
* 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 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F3 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F4 Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 The performance share units (PSUs) earned February 7, 2024 will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.