Form 4 for GLW Corning Inc.
Accepted 2022-05-18 00:00:00 ET · period of report 2022-05-16 · accession 0001127602-22-014934 · 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 | 2022-05-18 | 2022-05-16 | GLW | Bell Michael Alan | Senior VP, GM, Optical Comm | F - Tax | $35.20 | -2,174 | 2,717 | -44% | -$76.5K |
| DM | 2022-05-18 | 2022-05-16 | GLW | Bell Michael Alan | Senior VP, GM, Optical Comm | M - OptEx | $7.60 | +7,974 | 4,891 | New | +$60.6K |
| D | 2022-05-18 | 2022-05-16 | GLW | Bell Michael Alan | Senior VP, GM, Optical Comm | S - Sale+OE | $35.18 | -3,083 | 0 | -100% | -$108.5K |
| DM | 2022-05-18 | 2022-05-16 | GLW | Bell Michael Alan | Senior VP, GM, Optical Comm | M - OptEx | $0.00 | -7,974 | 4,275 | -65% | $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 | 2022-05-16 | F | D | 2,174 | $35.20 | 2,717 | D | — | — | |
| 2 | Common | Common Stock | 2022-05-16 | M | A | 4,275 | $0.00 | 4,275 | D | — | — | |
| 3 | Common | Common Stock | 2022-05-16 | S | D | 3,083 | $35.18 | 0 | D | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.66 to $35.465, 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. |
| 4 | Common | Common Stock | 2022-05-16 | M | A | 3,083 | $19.65 | 3,083 | D | — | — | |
| 5 | Common | Common Stock | 2022-05-16 | M | A | 616 | $0.00 | 4,891 | D | — | — | |
| 6 | Derivative | Stock Options (Right to Buy) | 2022-05-16 | M | D | 3,083 | $0.00 | 3,083 | D | $19.65 · — to 2030-05-15 | 3,083 Common Stock | (F2) On December 2, 2020, the Compensation Committee approved the early vesting of one half of the stock options granted on May 15, 2020. The remaining stock options will vest ratably over three years from the grand date. |
| 7 | Derivative | Restricted Stock Unit | 2022-05-16 | M | D | 616 | $0.00 | 617 | D | — · — to — | 616 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock. (F4) The restricted stock units will vest ratably over three years from the May 15, 2020 grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates. |
| 8 | Derivative | Restricted Stock Unit | 2022-05-16 | M | D | 4,275 | $0.00 | 4,275 | D | — · — to — | 4,275 Common Stock | (F3) Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock. (F4) The restricted stock units will vest ratably over three years from the May 15, 2020 grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates. |