AI assistant
CORNING INC /NY — Director's Dealing 2022
May 4, 2022
29942_dirs_2022-05-04_d9108ebd-8f3f-452f-89f8-f4ba8d88d7ae.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2022-05-02
Reporting Person: Tripeny R Tony (Retired Exec. Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-05-02 | Common Stock | M | 959 | $35.96 | Acquired | 9368 | Direct |
| 2022-05-02 | Common Stock | M | 8862 | $35.96 | Acquired | 18230 | Direct |
| 2022-05-02 | Common Stock | F | 5015 | $35.96 | Disposed | 13215 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-02 | Restricted Stock Unit | $ | D | 1134 | Disposed | Common Stock (1134) | Direct | |
| 2022-05-02 | Restricted Stock Unit | $ | D | 14027 | Disposed | Common Stock (14027) | Direct | |
| 2022-05-02 | Performance Share Unit | $ | D | 10474 | Disposed | Common Stock (10474) | Direct | |
| 2022-05-02 | Restricted Stock Unit | $ | M | 959 | Disposed | Common Stock (959) | Direct | |
| 2022-05-02 | Performance Share Unit | $ | M | 8862 | Disposed | Common Stock (8862) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 81632 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (57038) | 57038 | Direct | |
| Performance Share Unit | $ | Common Stock (13210) | 13210 | Direct | |
| Restricted Stock Unit | $ | Common Stock (35383) | 35383 | Direct | |
| Restricted Stock Unit | $ | Common Stock (16516) | 16516 | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2: Represents the forfeiture of Restricted Stock Units awarded May 15, 2020, per terms of the May 2020 agreement approved by the Compensation Committee.
F3: Restricted Stock Units awarded May 15, 2020 were forfeited per terms of the May 2020 agreement approved by the Compensation Committee.
F4: Represents the forfeiture of Restricted Stock Units awarded April 1, 2022, per terms of the April 2022 agreement approved by the Compensation Committee.
F5: Restricted Stock Units awarded April 1, 2022 were forfeited per terms of the April 2022 agreement approved by the Compensation Committee.
F6: Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F7: Represents the forfeiture of Performance Share Units earned February 3, 2021, per terms of the May 15, 2020 agreement approved by the Compensation Committee.
F8: Performance Share Units earned February 3, 2021 were forfeited per terms of the May 15, 2020 agreement approved by the Compensation Committee.
F9: Earned Restricted Stock Units awarded May 15, 2020 remained restricted until May 2, 2022 when they vested and converted into Common Stock per terms of the May 2020 agreement approved by the Compensation Committee.
F10: Performance Share Units earned February 3, 2021 remained restricted until May 2, 2022 when they vested and converted into Common Stock per terms of the May 15, 2020 agreement approved by the Compensation Committee.
F11: Earned Performance Share Units remain restricted until February 2023, when they vest and convert to Common Stock per terms of the April 1, 2020 agreement approved by the Compensation Committee.
F12: Earned Performance Share Units remain restricted until February 2024, when they vest and convert to Common Stock per terms of the April 1, 2021 agreement approved by the Compensation Committee.
F13: Earned Restricted Stock Units remain restricted until November 1, 2022, when they vest and convert to Common Stock per terms of the April 1, 2020 agreement approved by the Compensation Committee.
F14: Earned Restricted Stock Units remain restricted until November 1, 2022, when they vest and convert to Common Stock per terms of the April 1, 2021 agreement approved by the Compensation Committee.