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CORNING INC /NY — Director's Dealing 2023
May 17, 2023
29942_dirs_2023-05-17_5e2852c0-c9e2-4f65-9175-ec4c77885fbc.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: Bayne John P JR (SVP &GM, Mobile Consumer Elec.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-15 | Common Stock | M | 4275 | — | Acquired | 31194 | Direct |
| 2023-05-15 | Common Stock | M | 617 | — | Acquired | 31811 | Direct |
| 2023-05-15 | Common Stock | F | 2498 | $31.20 | Disposed | 29313 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-15 | Restricted Stock Unit | $ | M | 4275 | Disposed | Common Stock (4275) | Direct | |
| 2023-05-15 | Restricted Stock Unit | $ | M | 617 | Disposed | Common Stock (617) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock - Jt. Tenant W/wife | 7345 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (14853) | 14853 | Direct | |
| Restricted Stock Unit | $ | Common Stock (2161) | 2161 | Direct | |
| Restricted Stock Unit | $ | Common Stock (8939) | 8939 | Direct | |
| Restricted Stock Unit | $ | Common Stock (13618) | 13618 | Direct | |
| Restricted Stock Unit | $ | Common Stock (15021) | 15021 | 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 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.
F3: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4: 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.
F5: 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.
F6: 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.
F7: The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.