Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CORNING INC /NY Director's Dealing 2025

Feb 6, 2025

29942_dirs_2025-02-06_649d632e-b2ba-419d-8f99-74e260760a2c.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2025-02-04

Reporting Person: STEVERSON LEWIS A (EVP and CLAO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-02-04 Common Stock M 1114 Acquired 17760 Direct
2025-02-04 Common Stock M 1041 Acquired 18801 Direct
2025-02-04 Common Stock M 1133 Acquired 19934 Direct
2025-02-04 Common Stock F 3288 $52.04 Disposed 16646 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-02-04 Performance Share Unit $ A 31406 Acquired Common Stock (31406) Direct
2025-02-04 Performance Share Unit $ A 29356 Acquired Common Stock (29356) Direct
2025-02-04 Performance Share Unit $ A 31958 Acquired Common Stock (31958) Direct
2025-02-04 Performance Share Unit $ M 1114 Disposed Common Stock (1114) Direct
2025-02-04 Performance Share Unit $ M 1041 Disposed Common Stock (1041) Direct
2025-02-04 Performance Share Unit $ M 1133 Disposed Common Stock (1133) Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Performance Share Unit $ Common Stock (5873) 5873 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 2023 agreement. Earned PSUs remain restricted until vesting. The earned units 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.

F3: Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 pursuant to the 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.

F4: Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 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: Performance share units (PSUs) were earned February 4, 2025 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2024 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.

F6: Vesting to satisfy tax requirement pursuant to the 2024 agreement.

F7: Vesting to satisfy tax requirement pursuant to the 2023 agreement.

F8: Vesting to satisfy tax requirement pursuant to the 2022 agreement.