Wendell P. Weeks - Feb 10, 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
Chairman and CEO, Director
Signature
Melissa J. Gambol, Power of Attorney
Stock symbol
GLW
Transactions as of
Feb 10, 2025
Transactions value $
-$120,795
Form type
4
Date filed
2/12/2025, 04:22 PM
Previous filing
Feb 6, 2025
Next filing
Feb 19, 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 +5.73K +0.67% $0.00 865K Feb 10, 2025 Direct
transaction GLW Common Stock Tax liability -$121K -2.28K -0.26% $53.05 863K Feb 10, 2025 Direct
holding GLW Common Stock 9.2K Feb 10, 2025 Held by Spouse F1
holding GLW Common Stock 6.99K Feb 10, 2025 Held By Spouse - Emp. Ben. Plan F1, F2
holding GLW Common Stock 11.5K Feb 10, 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 Options Exercise $0 -5.73K -33.33% $0.00 11.5K Feb 10, 2025 Common Stock 5.73K Direct F3, F7
holding GLW Performance Share Unit 150K Feb 10, 2025 Common Stock 150K Direct F3, F4
holding GLW Performance Share Unit 121K Feb 10, 2025 Common Stock 121K Direct F3, F5
holding GLW Performance Share Unit 101K Feb 10, 2025 Common Stock 101K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of all securities held by spouse.
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 Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4 Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F5 Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F6 Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
F7 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.