Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CORNING INC /NY Director's Dealing 2023

Jan 9, 2023

29942_dirs_2023-01-09_38c9b450-0621-4420-adb1-2fa7d6ce76e2.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2023-01-05

Reporting Person: WEEKS WENDELL P (Director, Chairman and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-01-05 Common Stock M 3910 Acquired 687011 Direct
2023-01-05 Common Stock F 3910 $34.39 Disposed 683101 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2023-01-05 Restricted Stock Unit $ M 3910 Disposed Common Stock (3910) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 9200 Indirect
Common Stock 6580.6784 Indirect
Common Stock 10846.7734 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Restricted Stock Unit $ Common Stock (147612) 147612 Direct
Restricted Stock Unit $ Common Stock (76375) 76375 Direct
Restricted Stock Unit $ Common Stock (2902) 2902 Direct

Footnotes

F1: Each Restricted Stock Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.

F2: Ownership has been updated to reflect the transfer of 627,802 shares of Common Stock that the reporting person held indirectly by trust, into a directly held account.

F3: Ownership has been updated to reflect the transfer of 9,200 shares of Common Stock that the reporting person's wife held indirectly by trust, into an account directly held by wife.

F4: The Reporting Person disclaims beneficial ownership of all securities held by wife.

F5: Vesting to satisfy tax requirement pursuant to the 2022 agreement.

F6: The Restricted Stock Units vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.

F7: The Restricted Stock Units vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.

F8: The Restricted Stock Units vest ratably over three years from grant date. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.