RIEMAN DEBORAH 4
4 · CORNING INC /NY · Filed May 19, 2020
Insider Transaction Report
Form 4
RIEMAN DEBORAH
Director
Transactions
- Award
Restricted Stock Unit
2020-05-15+1,805→ 1,805 total→ Common Stock (1,805 underlying)
Holdings
- 23,168
Restricted Stock Unit
→ Common Stock (23,168 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- [F2]As part of a series of actions to preserve cash, the reporting person is receiving restricted stock units in lieu of 40% of cash fees payable for service on the board of directors and any committees thereof for the period of June 1, 2020 through December 31 2020.
- [F3]Conversion of restricted stock units to the Company's common stock and distribution of such stock is deferred until a specific date as elected by the participant or termination of service as a Corning director.
- [F4]Represents annual equity retainer in the form of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.