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CORNING INC /NY — Director's Dealing 2023
May 17, 2023
29942_dirs_2023-05-17_a7870426-ed70-4da3-8d42-0d346d2c7ed8.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: Fang Li (President & GM, International)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-05-15 | Common Stock | M | 3952 | — | Acquired | 3952 | Direct |
| 2023-05-15 | Common Stock | M | 582 | — | Acquired | 4534 | Direct |
| 2023-05-15 | Common Stock | D | 4534 | $31.20 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-05-15 | Restricted Stock Unit | $ | M | 3952 | Disposed | Common Stock (3952) | Direct | |
| 2023-05-15 | Restricted Stock Unit | $ | M | 582 | Disposed | Common Stock (582) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Unit | $ | Common Stock (11660) | 11660 | Direct | |
| Restricted Stock Unit | $ | Common Stock (2936) | 2936 | Direct |
Footnotes
F1: The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of one share of Corning Incorporated common stock.
F2: The restricted stock units (RSUs) vest 1/3 after 1 year from grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
F3: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
F4: The cash-settled restricted stock units vested on May 15, 2023 pursuant to the 2020 agreement.