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CORNING INC /NY — Director's Dealing 2025
Apr 17, 2025
29942_dirs_2025-04-17_4b979dce-0e0d-4346-8fbc-4665d3eec013.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: 2025-04-15
Reporting Person: WEEKS WENDELL P (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-15 | Common Stock | M | 150178 | — | Acquired | 912998 | Direct |
| 2025-04-15 | Common Stock | M | 100463 | — | Acquired | 1013461 | Direct |
| 2025-04-15 | Common Stock | F | 122063 | $41.78 | Disposed | 891398 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-15 | Performance Share Unit | $ | M | 150178 | Disposed | Common Stock (150178) | Direct | |
| 2025-04-15 | Restricted Stock Unit | $ | M | 100463 | Disposed | Common Stock (100463) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 9200 | Indirect |
| Common Stock | 7036.4879 | Indirect |
| Common Stock | 11598.8592 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (11466) | 11466 | Direct | |
| Performance Share Unit | $ | Common Stock (120655) | 120655 | Direct | |
| Performance Share Unit | $ | Common Stock (100840) | 100840 | Direct | |
| Restricted Stock Unit | $ | Common Stock (104474) | 104474 | Direct | |
| Restricted Stock Unit | $ | Common Stock (111863) | 111863 | Direct | |
| Restricted Stock Unit | $ | Common Stock (89921) | 89921 | Direct |
Footnotes
F1: The reporting person disclaims beneficial ownership of all securities held by spouse.
F2: Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2025.
F3: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4: 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.
F5: Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
F6: Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
F7: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
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) 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 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
F11: The performance share units (PSUs) vested 100% on April 15, 2025.
F12: The restricted stock units (RSUs) vested 100% on April 15, 2025.