0001127602-24-013091.txt : 20240417
0001127602-24-013091.hdr.sgml : 20240417
20240417154912
ACCESSION NUMBER: 0001127602-24-013091
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240415
FILED AS OF DATE: 20240417
DATE AS OF CHANGE: 20240417
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WEEKS WENDELL P
CENTRAL INDEX KEY: 0001206158
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03247
FILM NUMBER: 24850801
BUSINESS ADDRESS:
STREET 1: ONE RIVERFRONT PLZ
CITY: CORNING
STATE: NY
ZIP: 14831
BUSINESS PHONE: 607-974-9000
MAIL ADDRESS:
STREET 1: ONE RIVERFRONT PLZ
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]
ORGANIZATION NAME: 04 Manufacturing
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
X0508
4
2024-04-15
0000024741
CORNING INC /NY
GLW
0001206158
WEEKS WENDELL P
ONE RIVERFRONT PLAZA
CORNING
NY
14831
1
1
Chairman and CEO
0
Common Stock
2024-04-15
4
M
0
76375
0
A
935780
D
Common Stock
2024-04-15
4
M
0
109576
0
A
1045356
D
Common Stock
2024-04-15
4
F
0
90559
31.29
D
954797
D
Common Stock
9200
I
Held by Spouse
Common Stock
6863.0257
I
Held By Spouse - Emp. Ben. Plan
Common Stock
11312.6218
I
Trustee U/employee Benefit Plan
Performance Share Unit
Common Stock
22932
22932
D
Restricted Stock Unit
Common Stock
3598
3598
D
Performance Share Unit
Common Stock
47567
47567
D
Performance Share Unit
Common Stock
26393
26393
D
Restricted Stock Unit
Common Stock
100463
100463
D
Restricted Stock Unit
Common Stock
116162
116162
D
Restricted Stock Unit
Common Stock
104474
104474
D
Restricted Stock Unit
2024-04-15
4
M
0
76375
0
D
Common Stock
76375
0
D
Performance Share Unit
2024-04-15
4
M
0
109576
0
D
Common Stock
109576
0
D
The reporting person disclaims beneficial ownership of all securities held by spouse.
Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 28, 2024.
Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until vesting. The earned units 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.
Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
The restricted stock units (RSUs) granted on February 8, 2023 will vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
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, 2027. 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 (RSUs) vested 100% on April 15, 2024.
The performance share units (PSUs) vested 100% on April 15, 2024.
Linda E. Jolly, Power of Attorney
2024-04-17