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CORNING INC /NY — Director's Dealing 2022
Feb 2, 2022
29942_dirs_2022-02-02_a51d93b1-5f97-4582-8e96-9ba42e8ce099.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: 2022-02-02
Reporting Person: Capps Cheryl C (SVP & Chief Supply Chain Off.)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 100000 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (9260) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (5042) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (11120) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (6373) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (7804) | Direct | ||
| Restricted Stock Unit | $ | Common Stock (1230) | Direct | ||
| Stock Options (Right to Buy) | $19.65 | 2030-05-15 | Common Stock (3587) | Direct | |
| Stock Options (Right to Buy) | $33.92 | 2029-04-01 | Common Stock (11055) | Direct |
Footnotes
F1: These shares were granted under the Incentive Stock Plan of Corning Incorporated and are subject to the restrictions and terms contained in an agreement dated July 20, 2020.
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 April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F3: Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
F4: The Restricted Stock Units vest 100% on April 15, 2022. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2022. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2022.
F5: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F6: 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.
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: The restricted stock units vest 50% on May 15, 2022 and 100% on May 15, 2023. 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 date.
F9: 1,793 options vest on May 15, 2022 and 1,794 options vest on May 15, 2023.