Form 4 for GLW Corning Inc.
Accepted 2023-02-10 00:00:00 ET · period of report 2023-02-08 · accession 0001127602-23-004436 · 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 | Schlesinger Edward A | CFO, Exec. VP | M - OptEx | — | +386 | 51.5K | +0.8% | — |
| D | 2023-02-10 | 2023-02-08 | GLW | Schlesinger Edward A | CFO, Exec. VP | F - Tax | $35.14 | -386 | 51.4K | -0.7% | -$13.6K |
| DM | 2023-02-10 | 2023-02-08 | GLW | Schlesinger Edward A | CFO, Exec. VP | A - Grant | $0.00 | +13.7K | 5,965 | New | $0 |
| DM | 2023-02-10 | 2023-02-08 | GLW | Schlesinger Edward A | CFO, Exec. VP | M - OptEx | — | -386 | 3,510 | -10% | — |
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 | 129 | — | 51,495 | 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 | 386 | $35.14 | 51,366 | D | — | — | |
| 3 | Common | Common Stock | 2023-02-08 | M | A | 209 | — | 51,752 | 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 | 48 | — | 51,543 | 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 | 2,775 | $0.00 | 2,775 | D | — · — to — | 2,775 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 $81,250 of their cash compensation for 2,775 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 | Performance Share Unit | 2023-02-08 | A | A | 3,639 | $0.00 | 3,639 | D | — · — to — | 3,639 Common Stock | (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F9) 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. |
| 7 | Derivative | Performance Share Unit | 2023-02-08 | M | D | 209 | — | 20,081 | D | — · — to — | 209 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 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 | Performance Share Unit | 2023-02-08 | M | D | 48 | — | 5,917 | D | — · — to — | 48 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 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement. |
| 9 | Derivative | Performance Share Unit | 2023-02-08 | M | D | 129 | — | 3,510 | D | — · — to — | 129 Common Stock | (F1) Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. (F9) 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 | A | A | 5,892 | $0.00 | 20,290 | D | — · — to — | 5,892 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 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement. |
| 11 | Derivative | Performance Share Unit | 2023-02-08 | A | A | 1,353 | $0.00 | 5,965 | D | — · — to — | 1,353 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 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement. |