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CORNING INC /NY — Director's Dealing 2023
Feb 10, 2023
29942_dirs_2023-02-10_e91d89ae-c83f-47cc-9cd7-333ad9a3b4f7.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: France Robert P. (Senior VP, Human Resources)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-08 | Common Stock | M | 75 | — | Acquired | 22417 | Direct |
| 2023-02-08 | Common Stock | M | 48 | — | Acquired | 22465 | Direct |
| 2023-02-08 | Common Stock | M | 263 | — | Acquired | 22728 | Direct |
| 2023-02-08 | Common Stock | F | 386 | $35.14 | Disposed | 22342 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-08 | Performance Share Unit | $ | A | 2092 | Acquired | Common Stock (2092) | Direct | |
| 2023-02-08 | Performance Share Unit | $ | A | 1353 | Acquired | Common Stock (1353) | Direct | |
| 2023-02-08 | Performance Share Unit | $ | A | 7365 | Acquired | Common Stock (7365) | Direct | |
| 2023-02-08 | Performance Share Unit | $ | M | 75 | Disposed | Common Stock (75) | Direct | |
| 2023-02-08 | Performance Share Unit | $ | M | 48 | Disposed | Common Stock (48) | Direct | |
| 2023-02-08 | Performance Share Unit | $ | M | 263 | Disposed | Common Stock (263) | Direct |
Footnotes
F1: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2: Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F3: Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F4: Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.