David L. Morse - 02 Feb 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: 02 Feb 2022
Net transactions value: -$64,922
Form type: 4
Filing time: 04 Feb 2022, 15:14:51 UTC
Previous filing: 11 Jan 2022
Next filing: 22 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		+1,052			1,052	02 Feb 2022	Direct	F1
transaction	GLW	Common Stock	Options Exercise		+467	+44%		1,519	02 Feb 2022	Direct	F1
transaction	GLW	Common Stock	Tax liability	$64,922	-1,519	-100%	$42.74	0	02 Feb 2022	Direct
holding	GLW	Common Stock						10	02 Feb 2022	Held by Spouse	F2
holding	GLW	Common Stock						55,800	02 Feb 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	Performance Share Unit	Award	$0	+29,671	+100%	$0.000000	59,304	02 Feb 2022	Common Stock	29,671		Direct	F1, F4
transaction	GLW	Performance Share Unit	Award	$0	+13,158		$0.000000	13,158	02 Feb 2022	Common Stock	13,158		Direct	F1, F5
transaction	GLW	Performance Share Unit	Options Exercise		-1,052	-1.8%		58,252	02 Feb 2022	Common Stock	1,052		Direct	F1, F6
transaction	GLW	Performance Share Unit	Options Exercise		-467	-3.5%		12,691	02 Feb 2022	Common Stock	467		Direct	F1, F7
holding	GLW	Performance Share Unit						19,618	02 Feb 2022	Common Stock	19,618		Direct	F1, F8

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

Explanation of Responses:

Id	Content
F1	Each Performance Share Unit represents a contingent right to receive one share of GLW 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	Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2020 agreement. Earned units remain restricted until April 14, 2023, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F5	Performance Share Units were earned February 2, 2022 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2021 pursuant to the 2021 agreement. Earned units remain restricted until April 15, 2024, when they vest and convert to GLW common stock, subject to service-based vesting requirement.
F6	Vesting to satisfy tax requirement pursuant to the 2020 agreement.
F7	Vesting to satisfy tax requirement pursuant to the 2021 agreement.
F8	Performance Share Units were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned units remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to GLW common stock, subject to service-based vesting requirement.