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CORNING INC /NY — Director's Dealing 2022
May 18, 2022
29942_dirs_2022-05-18_6424fbbe-5e08-4a7b-a1ee-9f412644e014.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2022-05-16
Reporting Person: Musser Eric S (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-16 | Common Stock | M | 12570 | — | Acquired | 110196 | Direct |
| 2022-05-16 | Common Stock | M | 1256 | — | Acquired | 111452 | Direct |
| 2022-05-16 | Common Stock | F | 7059 | $35.20 | Disposed | 104393 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-16 | Performance Share Unit | $ | M | 12570 | Disposed | Common Stock (12570) | Direct | |
| 2022-05-16 | Restricted Stock Unit | $ | M | 1256 | Disposed | Common Stock (1256) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (41536) | 41536 | Direct | |
| Performance Share Unit | $ | Common Stock (66872) | 66872 | Direct | |
| Restricted Stock Unit | $ | Common Stock (26703) | 26703 | Direct | |
| Performance Share Unit | $ | Common Stock (21238) | 21238 | Direct | |
| Restricted Stock Unit | $ | Common Stock (39191) | 39191 | Direct |
Footnotes
F1: Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2: Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned units remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to GLW common stock, subject to service-based vesting requirement.
F3: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F4: The restricted stock units will vest ratably over three years from grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.
F5: The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
F6: Earned performance share units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F7: The Restricted Stock Units vest 100% on April 15, 2024. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
F8: Earned performance share units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F9: The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.