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CORNING INC /NY — Director's Dealing 2025
Feb 6, 2025
29942_dirs_2025-02-06_5e684adb-3214-44d9-a88f-872b51bdbbaf.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: 2025-02-04
Reporting Person: O'Day Michael Paul (SVP and GM, Optical Comm.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-04 | Common Stock | M | 198 | — | Acquired | 45499 | Direct |
| 2025-02-04 | Common Stock | M | 185 | — | Acquired | 45684 | Direct |
| 2025-02-04 | Common Stock | M | 175 | — | Acquired | 45859 | Direct |
| 2025-02-04 | Common Stock | F | 558 | $52.04 | Disposed | 45301 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-04 | Performance Share Unit | $ | A | 6198 | Acquired | Common Stock (6198) | Direct | |
| 2025-02-04 | Performance Share Unit | $ | A | 5794 | Acquired | Common Stock (5794) | Direct | |
| 2025-02-04 | Performance Share Unit | $ | A | 5467 | Acquired | Common Stock (5467) | Direct | |
| 2025-02-04 | Performance Share Unit | $ | M | 198 | Disposed | Common Stock (198) | Direct | |
| 2025-02-04 | Performance Share Unit | $ | M | 185 | Disposed | Common Stock (185) | Direct | |
| 2025-02-04 | Performance Share Unit | $ | M | 175 | Disposed | Common Stock (175) | 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 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.
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 2023 agreement. Earned PSUs remain restricted until April 15, 2026, 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 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
F5: Vesting to satisfy tax requirement pursuant to the 2024 agreement.
F6: Vesting to satisfy tax requirement pursuant to the 2023 agreement.
F7: Vesting to satisfy tax requirement pursuant to the 2022 agreement.