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CORNING INC /NY — Director's Dealing 2023
Feb 10, 2023
29942_dirs_2023-02-10_72c8b7d2-9bae-493b-b414-ab5d8b038ca5.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: 2023-02-08
Reporting Person: Seetharam Soumya (Senior Vice President & CDIO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-08 | Restricted Stock Unit | $ | A | 3945 | Acquired | Common Stock (3945) | Direct | |
| 2023-02-08 | Restricted Stock Unit | $ | A | 13561 | Acquired | Common Stock (13561) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 75000 | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2: Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $105,000 of their cash compensation for 3,945 RSUs.
F3: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4: The reporting person was granted restricted stock units (RSUs) in lieu of the cash payment to be paid under the 2023 performance incentive plan (PIP). The reporting person was granted 13,561 RSUs in exchange for the cash payment of $393,750 under the PIP.
F5: 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.