Form 4 for GLW Corning Inc.
Accepted 2022-02-04 00:00:00 ET · period of report 2022-02-02 · accession 0001127602-22-003383 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-04 | 2022-02-04 | GLW | Zhang John Z | Senior VP, GM, Display | M - OptEx | $27.03 | +13.3K | 18.0K | +286% | +$360.0K |
| D | 2022-02-04 | 2022-02-04 | GLW | Zhang John Z | Senior VP, GM, Display | S - Sale+OE | $42.01 | -13.3K | 4,655 | -74% | -$559.6K |
| DM | 2022-02-04 | 2022-02-02 | GLW | Zhang John Z | Senior VP, GM, Display | A - Grant | $0.00 | +21.1K | 7,518 | New | $0 |
| D | 2022-02-04 | 2022-02-04 | GLW | Zhang John Z | Senior VP, GM, Display | M - OptEx | $0.00 | -13.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-04 | M | A | 13,320 | $27.03 | 17,975 | D | — | — | |
| 2 | Common | Common Stock | 2022-02-04 | S | D | 13,320 | $42.01 | 4,655 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.01 to $42.02, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote. |
| 3 | Derivative | Performance Share Unit | 2022-02-02 | A | A | 13,599 | $0.00 | 27,664 | D | — · — to — | 13,599 Common Stock | (F2) Each Performance Share Unit represents a contingent right to receive one share of GLW common stock. (F3) Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement. |
| 4 | Derivative | Performance Share Unit | 2022-02-02 | A | A | 7,518 | $0.00 | 7,518 | D | — · — to — | 7,518 Common Stock | (F2) Each Performance Share Unit represents a contingent right to receive one share of GLW common stock. (F4) Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement. |
| 5 | Derivative | Stock Options (Right to Buy) | 2022-02-04 | M | D | 13,320 | $0.00 | 0 | D | $27.03 · 2021-04-02 to 2028-04-02 | 13,320 Common Stock |