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