CORNING INC /NY — Director's Dealing 2023

Feb 10, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2023-02-08

Reporting Person: STEVERSON LEWIS A (EVP and CLAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-08	Common Stock	M	246	—	Acquired	246	Direct
2023-02-08	Common Stock	M	184	—	Acquired	430	Direct
2023-02-08	Common Stock	M	826	—	Acquired	1256	Direct
2023-02-08	Common Stock	F	1256	$35.14	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-08	Restricted Stock Unit	$	A	2909	Acquired		Common Stock (2909)	Direct
2023-02-08	Performance Share Unit	$	A	6913	Acquired		Common Stock (6913)	Direct
2023-02-08	Performance Share Unit	$	A	5188	Acquired		Common Stock (5188)	Direct
2023-02-08	Performance Share Unit	$	A	23273	Acquired		Common Stock (23273)	Direct
2023-02-08	Performance Share Unit	$	M	246	Disposed		Common Stock (246)	Direct
2023-02-08	Performance Share Unit	$	M	184	Disposed		Common Stock (184)	Direct
2023-02-08	Performance Share Unit	$	M	826	Disposed		Common Stock (826)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common Stock (35689)	35689	Direct
Restricted Stock Unit	$		Common Stock (22430)	22430	Direct
Restricted Stock Unit	$		Common Stock (29955)	29955	Direct
Restricted Stock Unit	$		Common Stock (9966)	9966	Direct
Restricted Stock Unit	$		Common Stock (1116)	1116	Direct

Footnotes

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

F2: Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.

F3: The restricted stock units (RSUs) vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.

F4: 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.

F5: 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.

F6: 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.

F7: Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $85,180 of their cash compensation for 2,909 RSUs.

F8: The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.

F9: Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.

F10: Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.

F11: Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.