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CORNING INC /NY — Director's Dealing 2024
Aug 12, 2024
29942_dirs_2024-08-12_504c1f2e-0eb6-470f-abae-cb60795e77c9.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: 2024-08-08
Reporting Person: STEVERSON LEWIS A (EVP and CLAO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-08 | Common Stock | M | 1957 | — | Acquired | 33251 | Direct |
| 2024-08-08 | Common Stock | M | 970 | — | Acquired | 34221 | Direct |
| 2024-08-08 | Common Stock | F | 1496 | $38.61 | Disposed | 32725 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-08 | Performance Share Unit | $ | M | 1957 | Disposed | Common Stock (1957) | Direct | |
| 2024-08-08 | Restricted Stock Unit | $ | M | 970 | Disposed | Common Stock (970) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (14287) | 14287 | Direct | |
| Performance Share Unit | $ | Common Stock (7928) | 7928 | Direct | |
| Restricted Stock Unit | $ | Common Stock (29955) | 29955 | Direct | |
| Restricted Stock Unit | $ | Common Stock (34894) | 34894 | Direct | |
| Restricted Stock Unit | $ | Common Stock (31109) | 31109 | Direct |
Footnotes
F1: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2: Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F3: Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F4: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
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, 2027. 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 (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.
F8: The performance share units (PSUs) earned February 7, 2024 will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F9: The restricted stock units (RSUs) granted on February 8, 2023 vest 2/3 after 1 year and 1/3 after 18 months from the grant date.