Form 4 for GLW Corning Inc.
Accepted 2023-02-10 00:00:00 ET · period of report 2023-02-08 · accession 0001127602-23-004434 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-10 | 2023-02-08 | GLW | Musser Eric S | Pres, COO | M - OptEx | — | +1,485 | 104.9K | +1% | — |
| D | 2023-02-10 | 2023-02-08 | GLW | Musser Eric S | Pres, COO | F - Tax | $35.14 | -1,485 | 104.4K | -1% | -$52.2K |
| DM | 2023-02-10 | 2023-02-08 | GLW | Musser Eric S | Pres, COO | A - Grant | $0.00 | +48.2K | 93.9K | +105% | $0 |
| DM | 2023-02-10 | 2023-02-08 | GLW | Musser Eric S | Pres, COO | M - OptEx | — | -1,485 | 8,335 | -15% | — |
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 | 2023-02-08 | M | A | 307 | — | 104,700 | D | — | — | (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. |
| 2 | Common | Common Stock | 2023-02-08 | F | D | 1,485 | $35.14 | 104,393 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-08 | M | A | 959 | — | 105,878 | 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 | 219 | — | 104,919 | D | — | — | (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. |
| 5 | Derivative | Performance Share Unit | 2023-02-08 | A | A | 6,165 | $0.00 | 27,403 | D | — · — to — | 6,165 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 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement. |
| 6 | Derivative | Performance Share Unit | 2023-02-08 | M | D | 219 | — | 27,184 | D | — · — to — | 219 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 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement. |
| 7 | Derivative | Performance Share Unit | 2023-02-08 | M | D | 959 | — | 92,967 | D | — · — to — | 959 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 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement. |
| 8 | Derivative | Restricted Stock Unit | 2023-02-08 | A | A | 6,347 | $0.00 | 6,347 | D | — · — to — | 6,347 Common Stock | (F8) 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 $185,860 of their cash compensation for 6,347 RSUs. (F3) Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. (F9) The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date. |
| 9 | Derivative | Performance Share Unit | 2023-02-08 | A | A | 8,642 | $0.00 | 8,642 | D | — · — to — | 8,642 Common Stock | (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F10) 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. |
| 10 | Derivative | Performance Share Unit | 2023-02-08 | M | D | 307 | — | 8,335 | D | — · — to — | 307 Common Stock | (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F10) 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 | A | A | 27,054 | $0.00 | 93,926 | D | — · — to — | 27,054 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 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement. |