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CORNING INC /NY — Director's Dealing 2024
Feb 12, 2024
29942_dirs_2024-02-12_ed4bda3f-6e2a-45f1-8fba-62f752f93317.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: 2024-02-08
Reporting Person: Schlesinger Edward A (Exec. Vice President and CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-08 | Common Stock | M | 1850 | — | Acquired | 67931 | Direct |
| 2024-02-08 | Common Stock | M | 2830 | — | Acquired | 70761 | Direct |
| 2024-02-08 | Common Stock | F | 1688 | $31.73 | Disposed | 69073 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-08 | Restricted Stock Unit | $ | M | 1850 | Disposed | Common Stock (1850) | Direct | |
| 2024-02-08 | Performance Share Unit | $ | M | 2830 | Disposed | Common Stock (2830) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (8415) | 8415 | Direct | |
| Performance Share Unit | $ | Common Stock (7521) | 7521 | Direct | |
| Performance Share Unit | $ | Common Stock (4902) | 4902 | Direct | |
| Restricted Stock Unit | $ | Common Stock (5856) | 5856 | Direct | |
| Restricted Stock Unit | $ | Common Stock (15614) | 15614 | 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: Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
F3: Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F4: Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F5: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F6: The restricted stock units (RSUs) vest 100% on April 15, 2024. 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, 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, 2026. 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) granted on February 8, 2023 will vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F10: 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.