David L. Morse - 07 Jan 2022 Form 4 Insider Report for CORNING INC /NY (GLW)

Role: Exec. VP & Chief Tech. Officer
Signature: Linda E. Jolly, Power of Attorney
Issuer symbol: GLW
Transactions as of: 07 Jan 2022
Net transactions value: -$32,312
Form type: 4
Filing time: 11 Jan 2022, 15:41:14 UTC
Previous filing: 22 Dec 2021
Next filing: 04 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GLW	Common Stock	Options Exercise	$0	+851		$0.000000	851	07 Jan 2022	Direct	F1
transaction	GLW	Common Stock	Tax liability	$32,312	-851	-100%	$37.97	0	07 Jan 2022	Direct
holding	GLW	Common Stock						10	07 Jan 2022	Held by Spouse	F2
holding	GLW	Common Stock						55,800	07 Jan 2022	By Morse Family Trust	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GLW	Restricted Stock Unit	Options Exercise		-851	-5.1%		15,857	07 Jan 2022	Common Stock	851		Direct	F1, F4
holding	GLW	Restricted Stock Unit						16,749	07 Jan 2022	Common Stock	16,749		Direct	F1, F5
holding	GLW	Restricted Stock Unit						36,142	07 Jan 2022	Common Stock	36,142		Direct	F1, F6
holding	GLW	Restricted Stock Unit						2,123	07 Jan 2022	Common Stock	2,123		Direct	F1, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated Common Stock.
F2	The reporting person disclaims beneficial ownership of all securities held by spouse.
F3	The reporting person is trustee and beneficiary of the trust.
F4	Vesting to satisfy tax requirement pursuant to the April 2021 agreement.
F5	The Restricted Stock Units vest 100% on April 15, 2022. Vested shares will be delivered to the reporting person within thirty (30) days after April 15, 2022. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2022.
F6	The Restricted Stock Units vest 100% on April 14, 2023. Vested shares will be delivered to the reporting person within thirty (30) days after April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
F7	The restricted stock units will vest ratably over three years from grant date. Vested shares will be delivered to the reporting person within sixty (60) days after vesting. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.