Anne Mullins - 08 Feb 2023 Form 4 Insider Report for CORNING INC /NY (GLW)

Role: Retired Senior Vice President
Signature: Linda E. Jolly, Power of Attorney
Issuer symbol: GLW
Transactions as of: 08 Feb 2023
Net transactions value: -$19,995
Form type: 4
Filing time: 10 Feb 2023, 14:57:29 UTC
Previous filing: 09 Jan 2023
Next filing: 18 Apr 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		+96	+1.1%		8,595	08 Feb 2023	Direct	F1
transaction	GLW	Common Stock	Options Exercise		+71	+0.83%		8,666	08 Feb 2023	Direct	F1
transaction	GLW	Common Stock	Options Exercise		+402	+4.6%		9,068	08 Feb 2023	Direct	F1
transaction	GLW	Common Stock	Tax liability	$19,995	-569	-6.3%	$35.14	8,499	08 Feb 2023	Direct

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	+2,820		$0.000000	2,820	08 Feb 2023	Common Stock	2,820		Direct	F1, F2
transaction	GLW	Performance Share Unit	Award	$0	+2,068	+29%	$0.000000	9,204	08 Feb 2023	Common Stock	2,068		Direct	F1, F3
transaction	GLW	Performance Share Unit	Award	$0	+11,783	+40%	$0.000000	40,945	08 Feb 2023	Common Stock	11,783		Direct	F1, F4
transaction	GLW	Performance Share Unit	Options Exercise		-96	-3.4%		2,724	08 Feb 2023	Common Stock	96		Direct	F1, F2
transaction	GLW	Performance Share Unit	Options Exercise		-71	-0.77%		9,133	08 Feb 2023	Common Stock	71		Direct	F1, F3
transaction	GLW	Performance Share Unit	Options Exercise		-402	-0.98%		40,543	08 Feb 2023	Common Stock	402		Direct	F1, F4

* 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 Corning Incorporated common stock.
F2	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.
F3	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.
F4	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.