AI assistant
CORNING INC /NY — Director's Dealing 2024
Apr 17, 2024
29942_dirs_2024-04-17_fd2294d8-5ab6-46ae-9e1d-46f67b468797.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2024-04-15
Reporting Person: Becker Stefan (Senior VP & Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-15 | Common Stock | M | 6138 | — | Acquired | 39572 | Direct |
| 2024-04-15 | Common Stock | M | 8777 | — | Acquired | 48349 | Direct |
| 2024-04-15 | Common Stock | F | 5378 | $31.29 | Disposed | 42971 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-15 | Restricted Stock Unit | $ | M | 6138 | Disposed | Common Stock (6138) | Direct | |
| 2024-04-15 | Performance Share Unit | $ | M | 8777 | Disposed | Common Stock (8777) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (8438) | 8438 | Direct | |
| Restricted Stock Unit | $ | Common Stock (1315) | 1315 | Direct | |
| Performance Share Unit | $ | Common Stock (6238) | 6238 | Direct | |
| Performance Share Unit | $ | Common Stock (3461) | 3461 | Direct | |
| Restricted Stock Unit | $ | Common Stock (13201) | 13201 | Direct | |
| Restricted Stock Unit | $ | Common Stock (14692) | 14692 | Direct | |
| Restricted Stock Unit | $ | Common Stock (13734) | 13734 | 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.