4//SEC Filing
Clappin James P 4
Accession 0001127602-21-022905
CIK 0000024741other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 4:08 PM ET
Size
15.2 KB
Accession
0001127602-21-022905
Insider Transaction Report
Form 4
Clappin James P
President, Corning Glass Tech.
Transactions
- Disposition to Issuer
Restricted Stock Unit
2021-07-31−2,087→ 189 total→ Common Stock (2,087 underlying) - Disposition to Issuer
Performance Share Unit
2021-07-31−19,267→ 1,751 total→ Common Stock (19,267 underlying) - Disposition to Issuer
Restricted Stock Unit
2021-07-31−7,246→ 10,144 total→ Common Stock (7,246 underlying)
Holdings
- 17,460
Restricted Stock Unit
→ Common Stock (17,460 underlying) - 30,867
Performance Share Unit
→ Common Stock (30,867 underlying) - 37,662
Restricted Stock Unit
→ Common Stock (37,662 underlying)
Footnotes (11)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- [F10]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.
- [F11]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.
- [F2]Represents the forfeiture of Restricted Stock Units awarded May 15, 2020, per terms of the May 2020 agreement approved by the Compensation Committee.
- [F3]Restricted Stock Units awarded May 15, 2020 were forfeited on July 31, 2021, per terms of the May 2020 agreement approved by the Compensation Committee.
- [F4]Represents the forfeiture of Restricted Stock Units awarded April 1, 2021, per terms of the April 2021 agreement approved by the Compensation Committee.
- [F5]Restricted Stock Units awarded April 1, 2021 were forfeited on July 31, 2021, per terms of the April 2021 agreement approved by the Compensation Committee.
- [F6]Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
- [F7]Represents the forfeiture of Performance Share Units earned February 3, 2021, per terms of the May 15, 2020 agreement approved by the Compensation Committee.
- [F8]Performance Share Units earned February 3, 2021 were forfeited on July 31, 2021, per the terms of the May 15, 2020 agreement approved by the Compensation Committee.
- [F9]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.
Documents
Issuer
CORNING INC /NY
CIK 0000024741
Entity typeother
Related Parties
1- filerCIK 0001606367
Filing Metadata
- Form type
- 4
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 4:08 PM ET
- Size
- 15.2 KB