Lawrence D. McRae - 05 Jan 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role: Vice Chairman & Corp. Dev. Off
Signature: Linda E. Jolly, Power of Attorney
Issuer symbol: GLW
Transactions as of: 05 Jan 2023
Net transactions value: -$35,766
Form type: 4
Filing time: 09 Jan 2023, 15:10:33 UTC
Previous filing: 18 May 2022
Next filing: 10 Feb 2023
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	+1,040	+0.71%	$0.000000	147,298	05 Jan 2023	Direct	F1
transaction	GLW	Common Stock	Tax liability	$35,766	-1,040	-0.71%	$34.39	146,258	05 Jan 2023	Direct
holding	GLW	Common Stock						780	05 Jan 2023	Held By Wife - Emp. Benefit Plan	F2
holding	GLW	Common Stock						5,812	05 Jan 2023	Trustee U/employee Benefit Plan

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	$0	-1,040	-4.8%	$0.000000	20,412	05 Jan 2023	Common Stock	1,040		Direct	F1, F3
holding	GLW	Restricted Stock Unit						38,423	05 Jan 2023	Common Stock	38,423		Direct	F1, F4
holding	GLW	Restricted Stock Unit						16,851	05 Jan 2023	Common Stock	16,851		Direct	F1, F5
holding	GLW	Restricted Stock Unit						1,213	05 Jan 2023	Common Stock	1,213		Direct	F1, F6

* 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	Vesting to satisfy tax requirement pursuant to the 2022 agreement.
F4	The Restricted Stock Units vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 14, 2023.
F5	The Restricted Stock Units vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to April 15, 2024.
F6	The Restricted Stock Units vest ratably over three years from grant date. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.