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CORNING INC /NY — Director's Dealing 2023
May 17, 2023
29942_dirs_2023-05-17_a7904dd2-a0db-474c-aa28-989e2b556637.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: 2023-05-15
Reporting Person: Musser Eric S (President and COO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-15 | Common Stock | M | 12570 | — | Acquired | 185961 | Direct |
| 2023-05-15 | Common Stock | M | 1257 | — | Acquired | 187218 | Direct |
| 2023-05-15 | Common Stock | F | 7059 | $31.20 | Disposed | 180159 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-15 | Performance Share Unit | $ | M | 12570 | Disposed | Common Stock (12570) | Direct | |
| 2023-05-15 | Restricted Stock Unit | $ | M | 1257 | Disposed | Common Stock (1257) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (6347) | 6347 | Direct | |
| Performance Share Unit | $ | Common Stock (27184) | 27184 | Direct | |
| Performance Share Unit | $ | Common Stock (8335) | 8335 | Direct | |
| Restricted Stock Unit | $ | Common Stock (26703) | 26703 | Direct | |
| Restricted Stock Unit | $ | Common Stock (37518) | 37518 | Direct | |
| Restricted Stock Unit | $ | Common Stock (40773) | 40773 | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F3: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4: Earned performance share units (PSUs) remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F5: Earned performance share units (PSUs) remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F6: The restricted stock units (RSUs) vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F7: The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F8: The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F9: The performance share units vested on May 15, 2023 pursuant to the 2020 agreement.
F10: The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.