0001127602-23-004426.txt : 20230210
0001127602-23-004426.hdr.sgml : 20230210
20230210155028
ACCESSION NUMBER: 0001127602-23-004426
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230208
FILED AS OF DATE: 20230210
DATE AS OF CHANGE: 20230210
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bell Michael Alan
CENTRAL INDEX KEY: 0001826462
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03247
FILM NUMBER: 23611524
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
2023-02-08
0000024741
CORNING INC /NY
GLW
0001826462
Bell Michael Alan
ONE RIVERFRONT PLAZA
CORNING
NY
14831
1
Senior VP & GM, Optical Comm.
Common Stock
2023-02-08
4
M
0
103
A
103
D
Common Stock
2023-02-08
4
M
0
68
A
171
D
Common Stock
2023-02-08
4
M
0
325
A
496
D
Common Stock
2023-02-08
4
F
0
496
35.14
D
0
D
Common Stock
689.2817
I
Trustee u/Employee Benefit Plan
Restricted Stock Unit
Common Stock
12681
12681
D
Restricted Stock Unit
Common Stock
9014
9014
D
Restricted Stock Unit
Common Stock
13700
13700
D
Restricted Stock Unit
Common Stock
2676
2676
D
Restricted Stock Unit
Common Stock
4275
4275
D
Restricted Stock Unit
Common Stock
617
617
D
Restricted Stock Unit
2023-02-08
4
A
0
4321
0
A
Common Stock
4321
4321
D
Restricted Stock Unit
2023-02-08
4
A
0
14853
0
A
Common Stock
14853
14853
D
Performance Share Unit
2023-02-08
4
A
0
3184
0
A
Common Stock
3184
3184
D
Performance Share Unit
2023-02-08
4
A
0
2105
0
A
Common Stock
2105
9380
D
Performance Share Unit
2023-02-08
4
A
0
10077
0
A
Common Stock
10077
35049
D
Performance Share Unit
2023-02-08
4
M
0
103
D
Common Stock
103
3081
D
Performance Share Unit
2023-02-08
4
M
0
68
D
Common Stock
68
9312
D
Performance Share Unit
2023-02-08
4
M
0
325
D
Common Stock
325
34724
D
Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
The restricted stock units (RSUs) vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
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.
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.
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.
Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $115,000 of their cash compensation for 4,321 RSUs.
The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
The reporting person was granted restricted stock units (RSUs) in lieu of the cash payment to be paid under the 2023 performance incentive plan (PIP). The reporting person was granted 14,853 RSUs in exchange for the cash payment of $431,250 under the PIP.
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.
Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.
Linda E. Jolly, Power of Attorney
2023-02-10