4//SEC Filing
Morse David L 4
Accession 0001127602-22-014946
CIK 0000024741other
Filed
May 17, 8:00 PM ET
Accepted
May 18, 4:19 PM ET
Size
20.6 KB
Accession
0001127602-22-014946
Insider Transaction Report
Form 4
Morse David L
Exec Vice President 2 of 2
Transactions
- Exercise/Conversion
Common Stock
2022-05-16+9,809→ 18,401 total - Tax Payment
Common Stock
2022-05-16$35.20/sh−5,550$195,360→ 13,912 total - Exercise/Conversion
Performance Share Unit
2022-05-16−9,809→ 9,809 total→ Common Stock (9,809 underlying) - Exercise/Conversion
Common Stock
2022-05-16+1,061→ 19,462 total - Exercise/Conversion
Restricted Stock Unit
2022-05-16−1,061→ 1,062 total→ Common Stock (1,061 underlying)
Holdings
- 36,142
Restricted Stock Unit
→ Common Stock (36,142 underlying) - 55,800(indirect: By Trust)
Common Stock
- 58,252
Performance Share Unit
→ Common Stock (58,252 underlying) - 15,857
Restricted Stock Unit
→ Common Stock (15,857 underlying) - 12,691
Performance Share Unit
→ Common Stock (12,691 underlying) - 20,215
Restricted Stock Unit
→ Common Stock (20,215 underlying)
Footnotes (10)
- [F1]The reporting person is trustee and beneficiary of the trust.
- [F10]The Restricted Stock Units vest 100% on April 15, 2025. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2025.
- [F2]Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- [F3]Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 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.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
- [F5]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.
- [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]Earned performance share units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
- [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.
- [F9]Earned performance share units remain restricted until April 15, 2024, 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 0001547488
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 4:19 PM ET
- Size
- 20.6 KB