InsiderTrades

Form 4 for GLW Corning Inc.

Accepted 2023-02-10 00:00:00 ET · period of report 2023-02-08 · accession 0001127602-23-004426 · 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 2023-02-10 2023-02-08 GLW Bell Michael Alan Senior VP, GM, Optical Comm F - Tax $35.14 -496 0 -100% -$17.4K
DM 2023-02-10 2023-02-08 GLW Bell Michael Alan Senior VP, GM, Optical Comm M - OptEx — +496 171 New —
DM 2023-02-10 2023-02-08 GLW Bell Michael Alan Senior VP, GM, Optical Comm A - Grant $0.00 +34.5K 9,380 New $0
DM 2023-02-10 2023-02-08 GLW Bell Michael Alan Senior VP, GM, Optical Comm M - OptEx — -496 9,312 -5% —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2023-02-08 F D 496 $35.14 0 D — —
2 Common Common Stock 2023-02-08 M A 325 — 496 D — — (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
3 Common Common Stock 2023-02-08 M A 103 — 103 D — — (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
4 Common Common Stock 2023-02-08 M A 68 — 171 D — — (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
5 Derivative Restricted Stock Unit 2023-02-08 A A 4,321 $0.00 4,321 D — · — to — 4,321 Common Stock (F7) Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $115,000 of their cash compensation for 4,321 RSUs. (F2) Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. (F8) The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
6 Derivative Restricted Stock Unit 2023-02-08 A A 14,853 $0.00 14,853 D — · — to — 14,853 Common Stock (F9) The reporting person was granted restricted stock units (RSUs) in lieu of the cash payment to be paid under the 2023 performance incentive plan (PIP). The reporting person was granted 14,853 RSUs in exchange for the cash payment of $431,250 under the PIP. (F2) Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. (F10) The restricted stock units (RSUs) vest 1/3 after 1 year from grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
7 Derivative Performance Share Unit 2023-02-08 A A 3,184 $0.00 3,184 D — · — to — 3,184 Common Stock (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F11) Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 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.
8 Derivative Performance Share Unit 2023-02-08 M D 325 — 34,724 D — · — to — 325 Common Stock (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F13) Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.
9 Derivative Performance Share Unit 2023-02-08 A A 10,077 $0.00 35,049 D — · — to — 10,077 Common Stock (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F13) Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.
10 Derivative Performance Share Unit 2023-02-08 M D 103 — 3,081 D — · — to — 103 Common Stock (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F11) Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 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.
11 Derivative Performance Share Unit 2023-02-08 M D 68 — 9,312 D — · — to — 68 Common Stock (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F12) Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
12 Derivative Performance Share Unit 2023-02-08 A A 2,105 $0.00 9,380 D — · — to — 2,105 Common Stock (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F12) Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.