CLARK RICHARD T 4
4 · CORNING INC /NY · Filed Feb 9, 2023
Insider Transaction Report
Form 4
CLARK RICHARD T
Director
Transactions
- Award
Restricted Stock Unit
2023-02-08+1,264→ 1,264 total→ Common Stock (1,264 underlying) - Award
Restricted Stock Unit
2023-02-08+6,119→ 39,450 total→ Common Stock (6,119 underlying)
Holdings
- 41,962
Common Stock
- 2,102
Restricted Stock Unit
→ Common Stock (2,102 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]The board of directors were provided the opportunity to voluntarily exchange a portion of any or all of the cash fees payable for service on the board and any committees for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $37,000 of their cash compensation for 1,264 RSUs.
- [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 (RSUs). Each RSU represents a contingent right to receive one share of Corning Incorporated common stock.