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CORNING INC /NY — Director's Dealing 2025
Feb 12, 2025
29942_dirs_2025-02-12_cc4de276-415f-499b-af6f-5df7289ae002.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: 2025-02-10
Reporting Person: WEEKS WENDELL P (Director, Chairman and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-10 | Common Stock | M | 5733 | — | Acquired | 865097 | Direct |
| 2025-02-10 | Common Stock | F | 2277 | $53.05 | Disposed | 862820 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-10 | Performance Share Unit | $ | M | 5733 | Disposed | Common Stock (5733) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 9200 | Indirect |
| Common Stock | 6994.485 | Indirect |
| Common Stock | 11529.5749 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Share Unit | $ | Common Stock (150178) | 150178 | Direct | |
| Performance Share Unit | $ | Common Stock (120655) | 120655 | Direct | |
| Performance Share Unit | $ | Common Stock (100840) | 100840 | 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 January 31, 2025.
F3: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
F4: Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
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: 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.