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CORNING INC /NY — Director's Dealing 2022
Jun 1, 2022
29942_dirs_2022-06-01_5d3183b5-97c7-4cc0-85f1-4b8b5e5c7d6f.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2022-06-01
Reporting Person: Amin Jaymin (SVP and Chief Tech. Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 88886 | Direct |
| Common Stock | 2339.8337 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock | $ | Common Stock (111.3406) | Direct | ||
| Performance Share Unit | $ | Common Stock (14461) | Direct | ||
| Performance Share Unit | $ | Common Stock (3626) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (9027) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (4603) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (6601) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (7830) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (2979) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (517) | Direct | ||
| Stock Options (Right to Buy) | $20.82 | 2024-03-31 | Common Stock (2101) | Direct | |
| Stock Options (Right to Buy) | $20.91 | 2024-04-30 | Common Stock (2092) | Direct | |
| Stock Options (Right to Buy) | $21.30 | 2024-05-30 | Common Stock (2054) | Direct | |
| Stock Options (Right to Buy) | $18.80 | 2024-10-01 | Common Stock (15000) | Direct | |
| Stock Options (Right to Buy) | $22.68 | 2025-03-31 | Common Stock (2205) | Direct | |
| Stock Options (Right to Buy) | $20.93 | 2025-04-30 | Common Stock (2389) | Direct | |
| Stock Options (Right to Buy) | $20.92 | 2025-05-29 | Common Stock (2390) | Direct | |
| Stock Options (Right to Buy) | $20.89 | 2026-03-31 | Common Stock (2543) | Direct | |
| Stock Options (Right to Buy) | $18.67 | 2026-04-29 | Common Stock (2845) | Direct | |
| Stock Options (Right to Buy) | $20.89 | 2026-05-31 | Common Stock (2543) | Direct | |
| Stock Options (Right to Buy) | $27.00 | 2027-03-31 | Common Stock (7917) | Direct | |
| Stock Options (Right to Buy) | $27.03 | 2028-04-02 | Common Stock (9157) | Direct | |
| Stock Options (Right to Buy) | $33.92 | 2029-04-01 | Common Stock (8476) | Direct | |
| Stock Options (Right to Buy) | $19.65 | 2030-05-15 | Common Stock (7750) | Direct |
Footnotes
F1: Includes 80,000 shares granted under Corning's Incentive Stock Plan that are subject to the restrictions and terms contained in the agreement dated December 5, 2018.
F2: Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan.
F3: The reported Phantom Stock Units acquired pursuant to the terms of Corning's Supplemental Investment Plan and will be settled for cash at fair market value on or after the reporting person's retirement or other termination of service.
F4: Performance Share Units were earned February 3, 2021 and February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal years 2020 and 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F5: Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F6: Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F7: The Restricted Stock Units vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
F8: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F9: The Restricted Stock Units vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
F10: The Restricted Stock Units vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.
F11: The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date.
F12: On December 2, 2020, the Compensation Committee approved the early vesting of one half of the stock options granted on May 15, 2020. The remaining stock options will vest ratably over three years from the grand date.