4//SEC Filing
WEEKS WENDELL P 4
Accession 0001127602-25-012292
CIK 0000024741other
Filed
Apr 16, 8:00 PM ET
Accepted
Apr 17, 4:17 PM ET
Size
23.2 KB
Accession
0001127602-25-012292
Insider Transaction Report
Form 4
WEEKS WENDELL P
DirectorChairman, CEO and President
Transactions
- Tax Payment
Common Stock
2025-04-15$41.78/sh−122,063$5,099,792→ 891,398 total - Exercise/Conversion
Common Stock
2025-04-15+100,463→ 1,013,461 total - Exercise/Conversion
Performance Share Unit
2025-04-15−150,178→ 0 total→ Common Stock (150,178 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-04-15−100,463→ 0 total→ Common Stock (100,463 underlying) - Exercise/Conversion
Common Stock
2025-04-15+150,178→ 912,998 total
Holdings
- 11,466
Performance Share Unit
→ Common Stock (11,466 underlying) - 100,840
Performance Share Unit
→ Common Stock (100,840 underlying) - 89,921
Restricted Stock Unit
→ Common Stock (89,921 underlying) - 9,200(indirect: By Spouse)
Common Stock
- 7,036.488(indirect: By Spouse)
Common Stock
- 11,598.859(indirect: By Trust)
Common Stock
- 120,655
Performance Share Unit
→ Common Stock (120,655 underlying) - 104,474
Restricted Stock Unit
→ Common Stock (104,474 underlying) - 111,863
Restricted Stock Unit
→ Common Stock (111,863 underlying)
Footnotes (12)
- [F1]The reporting person disclaims beneficial ownership of all securities held by spouse.
- [F10]The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [F11]The performance share units (PSUs) vested 100% on April 15, 2025.
- [F12]The restricted stock units (RSUs) vested 100% on April 15, 2025.
- [F2]Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2025.
- [F3]Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F4]The performance share units (PSUs) earned February 7, 2024 will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
- [F5]Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F6]Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F7]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F8]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.
- [F9]The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
Documents
Issuer
CORNING INC /NY
CIK 0000024741
Entity typeother
Related Parties
1- filerCIK 0001206158
Filing Metadata
- Form type
- 4
- Filed
- Apr 16, 8:00 PM ET
- Accepted
- Apr 17, 4:17 PM ET
- Size
- 23.2 KB