4//SEC Filing
Clappin James P 4
Accession 0001127602-21-017375
CIK 0000024741other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:10 PM ET
Size
19.8 KB
Accession
0001127602-21-017375
Insider Transaction Report
Form 4
Clappin James P
President, Corning Glass Tech.
Transactions
- Exercise/Conversion
Common Stock
2021-05-17+1,139→ 80,259.24 total - Exercise/Conversion
Common Stock
2021-05-17+10,510→ 90,769.24 total - Exercise/Conversion
Restricted Stock Unit
2021-05-17−1,139→ 2,276 total→ Common Stock (1,139 underlying) - Tax Payment
Common Stock
2021-05-17$44.19/sh−5,705$252,104→ 85,064.24 total - Exercise/Conversion
Performance Share Unit
2021-05-17−10,510→ 21,018 total→ Common Stock (10,510 underlying)
Holdings
- 30,867
Performance Share Unit
→ Common Stock (30,867 underlying) - 17,460
Restricted Stock Unit
→ Common Stock (17,460 underlying) - 9,797
Common Stock - Jt. Tenant W/wife
- 17,390
Restricted Stock Unit
→ Common Stock (17,390 underlying) - 1,929.968(indirect: By Trust)
Common Stock
- 37,662
Restricted Stock Unit
→ Common Stock (37,662 underlying)
Footnotes (8)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- [F2]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.
- [F3]Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
- [F4]Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the May 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.
- [F5]Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the April 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
- [F6]The Restricted Stock Units vest 100% on April 15, 2022. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2022. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2022.
- [F7]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.
- [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.
Documents
Issuer
CORNING INC /NY
CIK 0000024741
Entity typeother
Related Parties
1- filerCIK 0001606367
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:10 PM ET
- Size
- 19.8 KB