Lewis A. Steverson - Apr 15, 2025 Form 4 Insider Report for CORNING INC /NY (GLW)

Role
EVP and CLAO
Signature
Melissa J. Gambol, Power of Attorney
Stock symbol
GLW
Transactions as of
Apr 15, 2025
Transactions value $
-$1,527,435
Form type
4
Date filed
4/17/2025, 04:14 PM
Previous filing
Apr 3, 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 +45.1K +252.06% $0.00 63K Apr 15, 2025 Direct
transaction GLW Common Stock Options Exercise $0 +30K +47.54% $0.00 93K Apr 15, 2025 Direct
transaction GLW Common Stock Tax liability -$1.53M -36.6K -39.33% $41.78 56.4K Apr 15, 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 -45.1K -100% $0.00 0 Apr 15, 2025 Common Stock 45.1K Direct F1, F9
transaction GLW Restricted Stock Unit Options Exercise $0 -30K -100% $0.00 0 Apr 15, 2025 Common Stock 30K Direct F5, F10
holding GLW Performance Share Unit 3.92K Apr 15, 2025 Common Stock 3.92K Direct F1, F2
holding GLW Performance Share Unit 36.2K Apr 15, 2025 Common Stock 36.2K Direct F1, F3
holding GLW Performance Share Unit 30.3K Apr 15, 2025 Common Stock 30.3K Direct F1, F4
holding GLW Restricted Stock Unit 31.1K Apr 15, 2025 Common Stock 31.1K Direct F5, F6
holding GLW Restricted Stock Unit 33.4K Apr 15, 2025 Common Stock 33.4K Direct F5, F7
holding GLW Restricted Stock Unit 27.2K Apr 15, 2025 Common Stock 27.2K Direct F5, 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 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.
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 Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6 The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F7 The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F8 The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F9 The performance share units (PSUs) vested 100% on April 15, 2025.
F10 The restricted stock units (RSUs) vested 100% on April 15, 2025.