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CORNING INC /NY — Director's Dealing 2022
Feb 4, 2022
29942_dirs_2022-02-04_2160b3ce-ee20-4d6c-a6df-bfad6b01106f.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: 2022-02-02
Reporting Person: Musser Eric S (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-02 | Common Stock | M | 1208 | — | Acquired | 90425 | Direct |
| 2022-02-02 | Common Stock | M | 781 | — | Acquired | 91206 | Direct |
| 2022-02-02 | Common Stock | F | 1989 | $42.74 | Disposed | 89217 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-02 | Performance Share Unit | $ | A | 34061 | Acquired | Common Stock (34061) | Direct | |
| 2022-02-02 | Performance Share Unit | $ | A | 22019 | Acquired | Common Stock (22019) | Direct | |
| 2022-02-02 | Performance Share Unit | $ | M | 1208 | Disposed | Common Stock (1208) | Direct | |
| 2022-02-02 | Performance Share Unit | $ | M | 781 | Disposed | Common Stock (781) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (25140) | 25140 | Direct |
Footnotes
F1: Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
F2: Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 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.
F3: 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 GLW common stock, subject to service-based vesting requirement.
F4: Vesting to satisfy tax requirement pursuant to the 2020 agreement.
F5: Vesting to satisfy tax requirement pursuant to the 2021 agreement.
F6: 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.