0001127602-21-017375.txt : 20210519
0001127602-21-017375.hdr.sgml : 20210519
20210519161045
ACCESSION NUMBER: 0001127602-21-017375
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210517
FILED AS OF DATE: 20210519
DATE AS OF CHANGE: 20210519
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Clappin James P
CENTRAL INDEX KEY: 0001606367
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03247
FILM NUMBER: 21940393
MAIL ADDRESS:
STREET 1: ONE RIVERFRONT PLAZA
CITY: CORNING
STATE: NY
ZIP: 14831
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CORNING INC /NY
CENTRAL INDEX KEY: 0000024741
STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357]
IRS NUMBER: 160393470
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE RIVERFRONT PLAZA
CITY: CORNING
STATE: NY
ZIP: 14831
BUSINESS PHONE: 6079749000
MAIL ADDRESS:
STREET 1: ONE RIVERFRONT PLAZA
CITY: CORNING
STATE: NY
ZIP: 14831
FORMER COMPANY:
FORMER CONFORMED NAME: CORNING GLASS WORKS
DATE OF NAME CHANGE: 19890512
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2021-05-17
0000024741
CORNING INC /NY
GLW
0001606367
Clappin James P
ONE RIVERFRONT PLAZA
CORNING
NY
14831
1
Vice Chair & Strategic Advisor
Common Stock
2021-05-17
4
M
0
1139
0
A
80259.24
D
Common Stock
2021-05-17
4
M
0
10510
0
A
90769.24
D
Common Stock
2021-05-17
4
F
0
5705
44.19
D
85064.24
D
Common Stock
1929.9675
I
Trustee u/Employee Benefit Plan
Common Stock - Jt. Tenant W/wife
9797
D
Restricted Stock Unit
2021-05-17
4
M
0
1139
0
D
Common Stock
1139
2276
D
Performance Share Unit
2021-05-17
4
M
0
10510
0
D
Common Stock
10510
21018
D
Performance Share Unit
Common Stock
30867
30867
D
Restricted Stock Unit
Common Stock
17460
17460
D
Restricted Stock Unit
Common Stock
37662
37662
D
Restricted Stock Unit
Common Stock
17390
17390
D
Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
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.
Each Performance Share Unit represents a contingent right to receive one share of GLW common stock.
Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the May 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.
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.
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.
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.
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.
Linda E. Jolly, Power of Attorney
2021-05-19