Filing Details

Accession Number:
0001127602-23-015896
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-05-17 16:08:28
Reporting Period:
2023-05-15
Accepted Time:
2023-05-17 16:08:28
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
24741 Corning Inc GLW Drawing & Insulating Of Nonferrous Wire (3357) 160393470
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1531116 W Jeffrey Evenson One Riverfront Plaza
Corning NY 14831
Exec. Vp & Chief Strategy Off No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-05-15 6,904 $20.82 98,686 No 4 M Direct
Common Stock Acquisiton 2023-05-15 6,875 $20.91 105,561 No 4 M Direct
Common Stock Acquisiton 2023-05-15 6,749 $21.30 112,310 No 4 M Direct
Common Stock Disposition 2023-05-15 20,528 $31.04 91,782 No 4 S Direct
Common Stock Acquisiton 2023-05-15 7,507 $0.00 99,289 No 4 M Direct
Common Stock Acquisiton 2023-05-15 867 $0.00 100,156 No 4 M Direct
Common Stock Disposition 2023-05-15 4,276 $31.20 95,880 No 4 F Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 M Direct
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options (Right to Buy) Disposition 2023-05-15 6,904 $0.00 6,904 $20.82
Common Stock Stock Options (Right to Buy) Disposition 2023-05-15 6,875 $0.00 6,875 $20.91
Common Stock Stock Options (Right to Buy) Disposition 2023-05-15 6,749 $0.00 6,749 $21.30
Common Stock Restricted Stock Unit Disposition 2023-05-15 7,507 $0.00 7,507 $0.00
Common Stock Restricted Stock Unit Disposition 2023-05-15 867 $0.00 867 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-03-31 2024-03-29 No 4 M Direct
0 2017-04-30 2024-04-29 No 4 M Direct
0 2017-05-30 2024-05-29 No 4 M Direct
0 No 4 M Direct
0 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Unit $0.00 19,700 19,700 Direct
Common Stock Restricted Stock Unit $0.00 5,373 5,373 Direct
Common Stock Restricted Stock Unit $0.00 11,577 11,577 Direct
Common Stock Restricted Stock Unit $0.00 16,415 16,415 Direct
Common Stock Restricted Stock Unit $0.00 18,026 18,026 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
19,700 19,700 Direct
5,373 5,373 Direct
11,577 11,577 Direct
16,415 16,415 Direct
18,026 18,026 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.975 to $31.11, 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.
  2. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
  3. 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.
  4. The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
  5. The restricted stock units (RSUs) vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
  6. The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
  7. The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
  8. The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.