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: Fang Li (President & GM, International)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-08	Restricted Stock Unit	$	A	2936	Acquired		Common Stock (2936)	Direct
2023-02-08	Restricted Stock Unit	$	A	11660	Acquired		Common Stock (11660)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Unit	$		Common Stock (3952)	3952	Direct
Restricted Stock Unit	$		Common Stock (582)	582	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 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.

F3: 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 $78,129 of their cash compensation for 2,936 RSUs.

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

F5: The reporting person was granted restricted stock units (RSUs) in lieu of the cash payment to be paid under the 2023 performance incentive plan (PIP). The reporting person was granted 11,660 RSUs in exchange for the cash payment of $338,558 under the PIP.

F6: 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.