0001127602-22-014944.txt : 20220518
0001127602-22-014944.hdr.sgml : 20220518
20220518161806
ACCESSION NUMBER: 0001127602-22-014944
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220516
FILED AS OF DATE: 20220518
DATE AS OF CHANGE: 20220518
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McRae Lawrence D
CENTRAL INDEX KEY: 0001323998
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03247
FILM NUMBER: 22939328
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
2022-05-16
0000024741
CORNING INC /NY
GLW
0001323998
McRae Lawrence D
ONE RIVERFRONT PLAZA
CORNING
NY
14831
1
Vice Chairman & Corp. Dev. Off
Common Stock
2022-05-16
4
M
0
11910
0
A
151746
D
Common Stock
2022-05-16
4
M
0
1213
0
A
152959
D
Common Stock
2022-05-16
4
F
0
6701
35.20
D
146258
D
Common Stock
760.4478
I
Held By Wife - Emp. Benefit Plan
Common Stock
5667.1975
I
Trustee U/employee Benefit Plan
Performance Share Unit
2022-05-16
4
M
0
11910
0
D
Common Stock
11910
11910
D
Restricted Stock Unit
2022-05-16
4
M
0
1213
0
D
Common Stock
1213
1213
D
Restricted Stock Unit
Common Stock
38423
38423
D
Performance Share Unit
Common Stock
61892
61892
D
Restricted Stock Unit
Common Stock
16851
16851
D
Performance Share Unit
Common Stock
13468
13468
D
Restricted Stock Unit
Common Stock
21452
21452
D
The Reporting Person disclaims beneficial ownership of all securities held by spouse.
Each Performance Share Unit represents a contingent right to receive one share of Corning Incorporated 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 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.
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.
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.
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.
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.
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.
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.
Linda E. Jolly, Power of Attorney
2022-05-18