04/17/2025 | Press release | Distributed by Public on 04/17/2025 14:09
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Performance Share Unit | (1) | (2) | (2) | Common Stock | 2,830 | 2,830 | D | ||||||||
Performance Share Unit | (1) | (3) | (3) | Common Stock | 22,412 | 22,412 | D | ||||||||
Performance Share Unit | (1) | (4) | (4) | Common Stock | 19,929 | 19,929 | D | ||||||||
Restricted Stock Unit | (5) | (6) | (6) | Common Stock | 19,088 | 19,088 | D | ||||||||
Restricted Stock Unit | (5) | (7) | (7) | Common Stock | 21,888 | 21,888 | D | ||||||||
Restricted Stock Unit | (5) | (8) | (8) | Common Stock | 25,362 | 25,362 | D | ||||||||
Performance Share Unit | (1) | 04/15/2025 | M | 23,742 | (9) | (9) | Common Stock | 23,742 | $ 0 | 0 | D | ||||
Restricted Stock Unit | (5) | 04/15/2025 | M | 15,614 | (10) | (10) | Common Stock | 15,614 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Schlesinger Edward A ONE RIVERFRONT PLAZA CORNING, NY 14831 |
Exec. Vice President and CFO |
Melissa J. Gambol, Power of Attorney | 04/17/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. |
(2) | The performance share units (PSUs) earned February 7, 2024 will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date. |
(3) | Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. |
(4) | Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement. |
(5) | Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. |
(6) | 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. |
(7) | The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. |
(8) | The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. |
(9) | The performance share units (PSUs) vested 100% on April 15, 2025. |
(10) | The restricted stock units (RSUs) vested 100% on April 15, 2025. |