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CORNING INC /NY — Director's Dealing 2023
May 17, 2023
29942_dirs_2023-05-17_429c8221-0d5b-4075-af7c-5e8172177ce4.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: Evenson Jeffrey W (Exec. VP & Chief Strategy Off)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-15 | Common Stock | M | 6904 | $20.82 | Acquired | 98686 | Direct |
| 2023-05-15 | Common Stock | M | 6875 | $20.91 | Acquired | 105561 | Direct |
| 2023-05-15 | Common Stock | M | 6749 | $21.30 | Acquired | 112310 | Direct |
| 2023-05-15 | Common Stock | S | 20528 | $31.0407 | Disposed | 91782 | Direct |
| 2023-05-15 | Common Stock | M | 7507 | — | Acquired | 99289 | Direct |
| 2023-05-15 | Common Stock | M | 867 | — | Acquired | 100156 | Direct |
| 2023-05-15 | Common Stock | F | 4276 | $31.20 | Disposed | 95880 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-15 | Stock Options (Right to Buy) | $20.82 | M | 6904 | Disposed | 2024-03-29 | Common Stock (6904) | Direct |
| 2023-05-15 | Stock Options (Right to Buy) | $20.91 | M | 6875 | Disposed | 2024-04-29 | Common Stock (6875) | Direct |
| 2023-05-15 | Stock Options (Right to Buy) | $21.30 | M | 6749 | Disposed | 2024-05-29 | Common Stock (6749) | Direct |
| 2023-05-15 | Restricted Stock Unit | $ | M | 7507 | Disposed | Common Stock (7507) | Direct | |
| 2023-05-15 | Restricted Stock Unit | $ | M | 867 | Disposed | Common Stock (867) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (19700) | 19700 | Direct | |
| Restricted Stock Unit | $ | Common Stock (5373) | 5373 | Direct | |
| Restricted Stock Unit | $ | Common Stock (11577) | 11577 | Direct | |
| Restricted Stock Unit | $ | Common Stock (16415) | 16415 | Direct | |
| Restricted Stock Unit | $ | Common Stock (18026) | 18026 | Direct |
Footnotes
F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.975 to $31.11, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote.
F2: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3: The restricted stock units (RSUs) vest 1/3 after 1 year from grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F4: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F5: 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.
F6: 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.
F7: 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.
F8: The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.