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