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CORNING INC /NY — Director's Dealing 2023
Apr 18, 2023
29942_dirs_2023-04-18_179d5f14-083f-46af-8ffd-04c8056fa4ee.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: 2023-04-14
Reporting Person: Capps Cheryl C (SVP & Chief Supply Chain Off.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-04-14 | Common Stock | M | 25361 | — | Acquired | 130788 | Direct |
| 2023-04-14 | Common Stock | M | 11120 | — | Acquired | 141908 | Direct |
| 2023-04-14 | Common Stock | F | 13334 | $34.78 | Disposed | 128574 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-04-14 | Performance Share Unit | $ | M | 25361 | Disposed | Common Stock (25361) | Direct | |
| 2023-04-14 | Restricted Stock Unit | $ | M | 11120 | Disposed | Common Stock (11120) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (11016) | 11016 | Direct | |
| Restricted Stock Unit | $ | Common Stock (1002) | 1002 | Direct | |
| Performance Share Unit | $ | Common Stock (6652) | 6652 | Direct | |
| Performance Share Unit | $ | Common Stock (2112) | 2112 | Direct | |
| Restricted Stock Unit | $ | Common Stock (6373) | 6373 | Direct | |
| Restricted Stock Unit | $ | Common Stock (9304) | 9304 | Direct | |
| Restricted Stock Unit | $ | Common Stock (11588) | 11588 | Direct | |
| Restricted Stock Unit | $ | Common Stock (3902) | 3902 | Direct | |
| Restricted Stock Unit | $ | Common Stock (615) | 615 | 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: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F5: 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.
F6: 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.
F7: 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.
F8: 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.
F9: 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.
F10: The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date.
F11: The performance share units vested 100% on April 14, 2023.
F12: The restricted stock units vested 100% on April 14, 2023.