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CORNING INC /NY — Director's Dealing 2024
Apr 17, 2024
29942_dirs_2024-04-17_c4b67d69-b908-4700-b5fd-a1a2f5db32ab.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: 2024-04-15
Reporting Person: Curran Martin J (Exec. VP & Innovation Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-15 | Common Stock | M | 12892 | — | Acquired | 17407 | Direct |
| 2024-04-15 | Common Stock | M | 18811 | — | Acquired | 36218 | Direct |
| 2024-04-15 | Common Stock | F | 14802 | $31.29 | Disposed | 21416 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-15 | Restricted Stock Unit | $ | M | 12892 | Disposed | Common Stock (12892) | Direct | |
| 2024-04-15 | Performance Share Unit | $ | M | 18811 | Disposed | Common Stock (18811) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock - Jt. Tenant W/wife | 65598 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (12858) | 12858 | Direct | |
| Restricted Stock Unit | $ | Common Stock (1754) | 1754 | Direct | |
| Performance Share Unit | $ | Common Stock (7802) | 7802 | Direct | |
| Performance Share Unit | $ | Common Stock (4328) | 4328 | Direct | |
| Restricted Stock Unit | $ | Common Stock (16216) | 16216 | Direct | |
| Restricted Stock Unit | $ | Common Stock (19054) | 19054 | Direct | |
| Restricted Stock Unit | $ | Common Stock (16817) | 16817 | Direct |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F2: The restricted stock units (RSUs) granted on February 8, 2023 will vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F3: The restricted stock units (RSUs) granted on February 8, 2023 will vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F5: Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F6: Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F7: 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.
F8: 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.
F9: 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.
F10: The restricted stock units (RSUs) vested 100% on April 15, 2024.
F11: The performance share units (PSUs) vested 100% on April 15, 2024.