Home/Filings/4/0001127602-22-014946
4//SEC Filing

Morse David L 4

Accession 0001127602-22-014946

CIK 0000024741other

Filed

May 17, 8:00 PM ET

Accepted

May 18, 4:19 PM ET

Size

20.6 KB

Accession

0001127602-22-014946

Insider Transaction Report

Form 4
Period: 2022-05-16
Morse David L
Exec Vice President 2 of 2
Transactions
  • Exercise/Conversion

    Common Stock

    2022-05-16+9,80918,401 total
  • Tax Payment

    Common Stock

    2022-05-16$35.20/sh5,550$195,36013,912 total
  • Exercise/Conversion

    Performance Share Unit

    2022-05-169,8099,809 total
    Common Stock (9,809 underlying)
  • Exercise/Conversion

    Common Stock

    2022-05-16+1,06119,462 total
  • Exercise/Conversion

    Restricted Stock Unit

    2022-05-161,0611,062 total
    Common Stock (1,061 underlying)
Holdings
  • Restricted Stock Unit

    Common Stock (36,142 underlying)
    36,142
  • Common Stock

    (indirect: By Trust)
    55,800
  • Performance Share Unit

    Common Stock (58,252 underlying)
    58,252
  • Restricted Stock Unit

    Common Stock (15,857 underlying)
    15,857
  • Performance Share Unit

    Common Stock (12,691 underlying)
    12,691
  • Restricted Stock Unit

    Common Stock (20,215 underlying)
    20,215
Footnotes (10)
  • [F1]The reporting person is trustee and beneficiary of the trust.
  • [F10]The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.
  • [F2]Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
  • [F3]Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned units remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to GLW common stock, subject to service-based vesting requirement.
  • [F4]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
  • [F5]The restricted stock units will vest ratably over three years from 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.
  • [F6]The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
  • [F7]Earned performance share units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
  • [F8]The Restricted Stock Units vest 100% on April 15, 2024. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
  • [F9]Earned performance share units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement.

Issuer

CORNING INC /NY

CIK 0000024741

Entity typeother

Related Parties

1
  • filerCIK 0001547488

Filing Metadata

Form type
4
Filed
May 17, 8:00 PM ET
Accepted
May 18, 4:19 PM ET
Size
20.6 KB