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CORNING INC /NY — Director's Dealing 2024
Apr 17, 2024
29942_dirs_2024-04-17_3405d456-cc0f-41fe-a869-375fb210541d.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: Amin Jaymin (SVP and Chief Tech. Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-04-15 | Common Stock | M | 4439 | — | Acquired | 95680 | Direct |
| 2024-04-15 | Common Stock | M | 6349 | — | Acquired | 102029 | Direct |
| 2024-04-15 | Common Stock | F | 4415 | $31.29 | Disposed | 97614 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-04-15 | Restricted Stock Unit | $ | M | 4439 | Disposed | Common Stock (4439) | Direct | |
| 2024-04-15 | Performance Share Unit | $ | M | 6349 | Disposed | Common Stock (6349) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2502.6087 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (10562) | 10562 | Direct | |
| Restricted Stock Unit | $ | Common Stock (1081) | 1081 | Direct | |
| Performance Share Unit | $ | Common Stock (6575) | 6575 | Direct | |
| Performance Share Unit | $ | Common Stock (3964) | 3964 | Direct | |
| Restricted Stock Unit | $ | Common Stock (6367) | 6367 | Direct | |
| Restricted Stock Unit | $ | Common Stock (17447) | 17447 | Direct | |
| Restricted Stock Unit | $ | Common Stock (7552) | 7552 | Direct | |
| Restricted Stock Unit | $ | Common Stock (15355) | 15355 | Direct |
Footnotes
F1: Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 28, 2024.
F2: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3: 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.
F4: 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.
F5: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6: Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F7: Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F8: 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.
F9: 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.
F10: 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.
F11: The restricted stock units (RSUs) vested 100% on April 15, 2024.
F12: The performance share units (PSUs) vested 100% on April 15, 2024.