0001127602-23-013105.txt : 20230418
0001127602-23-013105.hdr.sgml : 20230418
20230418161015
ACCESSION NUMBER: 0001127602-23-013105
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230414
FILED AS OF DATE: 20230418
DATE AS OF CHANGE: 20230418
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McRae Lawrence D
CENTRAL INDEX KEY: 0001323998
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03247
FILM NUMBER: 23826951
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
X0407
4
2023-04-14
0000024741
CORNING INC /NY
GLW
0001323998
McRae Lawrence D
ONE RIVERFRONT PLAZA
CORNING
NY
14831
1
Vice Chairman & Corp. Dev. Off
0
Common Stock
2023-04-14
4
M
0
86043
0
A
232301
D
Common Stock
2023-04-14
4
M
0
38423
0
A
270724
D
Common Stock
2023-04-14
4
F
0
60616
34.78
D
210108
D
Common Stock
785.7943
I
Held By Wife - Emp. Benefit Plan
Common Stock
5857.8576
I
Trustee U/employee Benefit Plan
Restricted Stock Unit
Common Stock
752
752
D
Performance Share Unit
Common Stock
17239
17239
D
Performance Share Unit
Common Stock
4562
4562
D
Performance Share Unit
Common Stock
11910
11910
D
Restricted Stock Unit
Common Stock
16851
16851
D
Restricted Stock Unit
Common Stock
20412
20412
D
Restricted Stock Unit
Common Stock
22318
22318
D
Restricted Stock Unit
Common Stock
1213
1213
D
Performance Share Unit
2023-04-14
4
M
0
86043
0
D
Common Stock
86043
0
D
Restricted Stock Unit
2023-04-14
4
M
0
38423
0
D
Common Stock
38423
0
D
Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2023.
The reporting person disclaims beneficial ownership of all securities held by spouse.
Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
Earned performance share units (PSUs) remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
Earned performance share units (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 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned PSUs remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to common stock, subject to service-based vesting requirement.
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 (RSUs) vest 100% on April 15, 2026. 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.
The performance share units vested 100% on April 14, 2023.
The restricted stock units vested 100% on April 14, 2023.
Linda E. Jolly, Power of Attorney
2023-04-18