CORNING INC /NY — Director's Dealing 2023

Apr 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2023-04-14

Reporting Person: Musser Eric S (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-04-14	Common Stock	M	92967	—	Acquired	197360	Direct
2023-04-14	Common Stock	M	41536	—	Acquired	238896	Direct
2023-04-14	Common Stock	F	65505	$34.78	Disposed	173391	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-14	Performance Share Unit	$	M	92967	Disposed		Common Stock (92967)	Direct
2023-04-14	Restricted Stock Unit	$	M	41536	Disposed		Common Stock (41536)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common Stock (6347)	6347	Direct
Performance Share Unit	$		Common Stock (27184)	27184	Direct
Performance Share Unit	$		Common Stock (8335)	8335	Direct
Performance Share Unit	$		Common Stock (12570)	12570	Direct
Restricted Stock Unit	$		Common Stock (26703)	26703	Direct
Restricted Stock Unit	$		Common Stock (37518)	37518	Direct
Restricted Stock Unit	$		Common Stock (40773)	40773	Direct
Restricted Stock Unit	$		Common Stock (1257)	1257	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.

F2: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.

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

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.

F11: The performance share units vested 100% on April 14, 2023.

F12: The restricted stock units vested 100% on April 14, 2023.