Morse David L 4
4 · CORNING INC /NY · Filed Jan 11, 2022
Insider Transaction Report
Form 4
Morse David L
Exec Vice President 2 of 2
Transactions
- Tax Payment
Common Stock
2022-01-07$37.97/sh−851$32,312→ 0 total - Exercise/Conversion
Common Stock
2022-01-07+851→ 851 total - Exercise/Conversion
Restricted Stock Unit
2022-01-07−851→ 15,857 total→ Common Stock (851 underlying)
Holdings
- 55,800(indirect: By Trust)
Common Stock
- 10(indirect: By Spouse)
Common Stock
- 16,749
Restricted Stock Unit
→ Common Stock (16,749 underlying) - 2,123
Restricted Stock Unit
→ Common Stock (2,123 underlying) - 36,142
Restricted Stock Unit
→ Common Stock (36,142 underlying)
Footnotes (7)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- [F2]The reporting person disclaims beneficial ownership of all securities held by spouse.
- [F3]The reporting person is trustee and beneficiary of the trust.
- [F4]Vesting to satisfy tax requirement pursuant to the April 2021 agreement.
- [F5]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.
- [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]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.