0001127602-23-004435.txt : 20230210 0001127602-23-004435.hdr.sgml : 20230210 20230210155914 ACCESSION NUMBER: 0001127602-23-004435 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: Nelson Avery H III CENTRAL INDEX KEY: 0001824828 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-03247 FILM NUMBER: 23611603 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 0001824828 Nelson Avery H III ONE RIVERFRONT PLAZA CORNING NY 14831 1 Senior VP & GM, Automotive Common Stock 11744 D Common Stock 3459.847 I Trustee u/Employee Benefit Plan Restricted Stock Unit Common Stock 13344 13344 D Restricted Stock Unit Common Stock 9548 9548 D Restricted Stock Unit Common Stock 14439 14439 D Restricted Stock Unit Common Stock 2765 2765 D Restricted Stock Unit Common Stock 4071 4071 D Restricted Stock Unit Common Stock 588 588 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 9623 D Performance Share Unit 2023-02-08 4 A 0 10077 0 A Common Stock 10077 35884 D 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. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. 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