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CORNING INC /NY — Director's Dealing 2024
Jan 8, 2024
29942_dirs_2024-01-08_592c27ae-5008-46c5-b3e8-a72176f7e758.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: 2024-01-04
Reporting Person: Bayne John P JR (SVP &GM, Mobile Consumer Elec.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-04 | Common Stock | M | 909 | — | Acquired | 909 | Direct |
| 2024-01-04 | Common Stock | F | 909 | $30.28 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-04 | Restricted Stock Unit | $ | M | 909 | Disposed | Common Stock (909) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock - Jt. Tenant W/wife | 25658 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (14853) | 14853 | Direct | |
| Restricted Stock Unit | $ | Common Stock (2161) | 2161 | Direct | |
| Restricted Stock Unit | $ | Common Stock (8939) | 8939 | Direct | |
| Restricted Stock Unit | $ | Common Stock (13618) | 13618 | Direct |
Footnotes
F1: Ownership has been updated to reflect the transfer of 18,313 shares of Common Stock that the reporting person owned individually into the joint trust account held with spouse.
F2: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
F3: The restricted stock units (RSUs) vest 1/3 after 1 year from 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) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F5: 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.
F6: 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.
F7: Vesting to satisfy tax requirement pursuant to the 2023 agreement.