0001127602-23-004440.txt : 20230210
0001127602-23-004440.hdr.sgml : 20230210
20230210160139
ACCESSION NUMBER: 0001127602-23-004440
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: STEVERSON LEWIS A
CENTRAL INDEX KEY: 0001508144
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03247
FILM NUMBER: 23611680
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
0001508144
STEVERSON LEWIS A
ONE RIVERFRONT PLAZA
CORNING
NY
14831
1
EVP and CLAO
Common Stock
2023-02-08
4
M
0
246
A
246
D
Common Stock
2023-02-08
4
M
0
184
A
430
D
Common Stock
2023-02-08
4
M
0
826
A
1256
D
Common Stock
2023-02-08
4
F
0
1256
35.14
D
0
D
Restricted Stock Unit
Common Stock
35689
35689
D
Restricted Stock Unit
Common Stock
22430
22430
D
Restricted Stock Unit
Common Stock
29955
29955
D
Restricted Stock Unit
Common Stock
9966
9966
D
Restricted Stock Unit
Common Stock
1116
1116
D
Restricted Stock Unit
2023-02-08
4
A
0
2909
0
A
Common Stock
2909
2909
D
Performance Share Unit
2023-02-08
4
A
0
6913
0
A
Common Stock
6913
6913
D
Performance Share Unit
2023-02-08
4
A
0
5188
0
A
Common Stock
5188
23060
D
Performance Share Unit
2023-02-08
4
A
0
23273
0
A
Common Stock
23273
80793
D
Performance Share Unit
2023-02-08
4
M
0
246
D
Common Stock
246
6667
D
Performance Share Unit
2023-02-08
4
M
0
184
D
Common Stock
184
22876
D
Performance Share Unit
2023-02-08
4
M
0
826
D
Common Stock
826
79967
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 $85,180 of their cash compensation for 2,909 RSUs.
The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from 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