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CORNING INC /NY — Director's Dealing 2024
Aug 12, 2024
29942_dirs_2024-08-12_b6a4a5a6-c056-40a1-a571-8ff9605b3fa2.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: Schlesinger Edward A (Exec. Vice President and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-08-08 | Common Stock | M | 1415 | — | Acquired | 79949 | Direct |
| 2024-08-08 | Common Stock | M | 925 | — | Acquired | 80874 | Direct |
| 2024-08-08 | Common Stock | F | 967 | $38.61 | Disposed | 79907 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-08-08 | Performance Share Unit | $ | M | 1415 | Disposed | Common Stock (1415) | Direct | |
| 2024-08-08 | Restricted Stock Unit | $ | M | 925 | Disposed | Common Stock (925) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (7521) | 7521 | Direct | |
| Performance Share Unit | $ | Common Stock (4902) | 4902 | Direct | |
| Restricted Stock Unit | $ | Common Stock (15614) | 15614 | Direct | |
| Restricted Stock Unit | $ | Common Stock (22957) | 22957 | Direct | |
| Restricted Stock Unit | $ | Common Stock (19088) | 19088 | 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.