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CORNING INC /NY Director's Dealing 2023

May 17, 2023

29942_dirs_2023-05-17_d2198059-0c90-4117-a0d0-95a85a03c164.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2023-05-15

Reporting Person: WEEKS WENDELL P (Director, Chairman and CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2023-05-15 Common Stock M 37705 Acquired 965303 Direct
2023-05-15 Common Stock M 2902 Acquired 968205 Direct
2023-05-15 Common Stock F 20731 $31.20 Disposed 947474 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2023-05-15 Performance Share Unit $ M 37705 Disposed Common Stock (37705) Direct
2023-05-15 Restricted Stock Unit $ M 2902 Disposed Common Stock (2902) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 9200 Indirect
Common Stock 6632.543 Indirect
Common Stock 10932.3784 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Restricted Stock Unit $ Common Stock (10792) 10792 Direct
Performance Share Unit $ Common Stock (77248) 77248 Direct
Performance Share Unit $ Common Stock (22198) 22198 Direct
Restricted Stock Unit $ Common Stock (76375) 76375 Direct
Restricted Stock Unit $ Common Stock (100463) 100463 Direct
Restricted Stock Unit $ Common Stock (108584) 108584 Direct

Footnotes

F1: The reporting person disclaims beneficial ownership of all securities held by spouse.

F2: Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of April 28, 2023.

F3: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.

F4: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.

F5: Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.

F11: The performance share units vested on May 15, 2023 pursuant to the 2020 agreement.

F12: The restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.