0001127602-23-004429.txt : 20230210 0001127602-23-004429.hdr.sgml : 20230210 20230210155354 ACCESSION NUMBER: 0001127602-23-004429 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: Evenson Jeffrey W CENTRAL INDEX KEY: 0001531116 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-03247 FILM NUMBER: 23611554 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 0001531116 Evenson Jeffrey W ONE RIVERFRONT PLAZA CORNING NY 14831 1 Exec. VP & Chief Strategy Off Common Stock 2023-02-08 4 M 0 136 A 53622 D Common Stock 2023-02-08 4 M 0 96 A 53718 D Common Stock 2023-02-08 4 M 0 531 A 54249 D Common Stock 2023-02-08 4 F 0 763 35.14 D 53486 D Restricted Stock Unit Common Stock 22870 22870 D Restricted Stock Unit Common Stock 11577 11577 D Restricted Stock Unit Common Stock 16415 16415 D Restricted Stock Unit Common Stock 7507 7507 D Restricted Stock Unit Common Stock 867 867 D Restricted Stock Unit 2023-02-08 4 A 0 5373 0 A Common Stock 5373 5373 D Restricted Stock Unit 2023-02-08 4 A 0 19700 0 A Common Stock 19700 19700 D Performance Share Unit 2023-02-08 4 A 0 3821 0 A Common Stock 3821 3821 D Performance Share Unit 2023-02-08 4 A 0 2707 0 A Common Stock 2707 12031 D Performance Share Unit 2023-02-08 4 A 0 14975 0 A Common Stock 14975 51989 D Performance Share Unit 2023-02-08 4 M 0 136 D Common Stock 136 3685 D Performance Share Unit 2023-02-08 4 M 0 96 D Common Stock 96 11935 D Performance Share Unit 2023-02-08 4 M 0 531 D Common Stock 531 51458 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 $143,000 of their cash compensation for 5,373 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 19,700 RSUs in exchange for the cash payment of $572,000 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