Statement of Changes in Beneficial Ownership (4)
18 Aprile 2023 - 10:17PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Zhang John Z |
2. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY
[
GLW
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr VP&GM Display &Corning Asia |
(Last)
(First)
(Middle)
ONE RIVERFRONT PLAZA |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/14/2023 |
(Street)
CORNING, NY 14831 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 4/14/2023 | | M | | 38466 | A | $0 | 38466 | D | |
Common Stock | 4/14/2023 | | M | | 17268 | A | $0 | 55734 | D | |
Common Stock | 4/14/2023 | | F | | 28188 | D | $34.78 | 27546 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Unit | (1) | | | | | | | (2) | (2) | Common Stock | 14853 | | 14853 | D | |
Restricted Stock Unit | (1) | | | | | | | (3) | (3) | Common Stock | 2161 | | 2161 | D | |
Performance Share Unit | (4) | | | | | | | (5) | (5) | Common Stock | 9623 | | 9623 | D | |
Performance Share Unit | (4) | | | | | | | (6) | (6) | Common Stock | 3184 | | 3184 | D | |
Restricted Stock Unit | (1) | | | | | | | (7) | (7) | Common Stock | 9548 | | 9548 | D | |
Restricted Stock Unit | (1) | | | | | | | (8) | (8) | Common Stock | 14439 | | 14439 | D | |
Restricted Stock Unit | (1) | | | | | | | (9) | (9) | Common Stock | 18884 | | 18884 | D | |
Restricted Stock Unit | (1) | | | | | | | (10) | (10) | Common Stock | 4784 | | 4784 | D | |
Restricted Stock Unit | (1) | | | | | | | (10) | (10) | Common Stock | 690 | | 690 | D | |
Performance Share Unit | (4) | 4/14/2023 | | M | | | 38466 | (11) | (11) | Common Stock | 38466 | $0 | 0 | D | |
Restricted Stock Unit | (1) | 4/14/2023 | | M | | | 17268 | (12) | (12) | Common Stock | 17268 | $0 | 0 | D | |
Explanation of Responses: |
(1) | Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. |
(2) | The restricted stock units (RSUs) vest 1/3 after 1 year from grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date. |
(3) | The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date. |
(4) | Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. |
(5) | Earned performance share units (PSUs) remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement. |
(6) | Earned performance share units (PSUs) remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement. |
(7) | The restricted stock units (RSUs) vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. |
(8) | The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. |
(9) | The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. |
(10) | The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date. |
(11) | The performance share units vested 100% on April 14, 2023. |
(12) | The restricted stock units vested 100% on April 14, 2023. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Zhang John Z ONE RIVERFRONT PLAZA CORNING, NY 14831 |
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| Sr VP&GM Display &Corning Asia |
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Signatures
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Linda E. Jolly, Power of Attorney | | 4/18/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
Grafico Azioni Corning (NYSE:GLW)
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Da Set 2024 a Ott 2024
Grafico Azioni Corning (NYSE:GLW)
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Da Ott 2023 a Ott 2024