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