0001127602-23-004430.txt : 20230210 0001127602-23-004430.hdr.sgml : 20230210 20230210155456 ACCESSION NUMBER: 0001127602-23-004430 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230208 FILED AS OF DATE: 20230210 DATE AS OF CHANGE: 20230210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Fang Li CENTRAL INDEX KEY: 0001824647 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-03247 FILM NUMBER: 23611561 MAIL ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CORNING INC /NY CENTRAL INDEX KEY: 0000024741 STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357] IRS NUMBER: 160393470 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 BUSINESS PHONE: 6079749000 MAIL ADDRESS: STREET 1: ONE RIVERFRONT PLAZA CITY: CORNING STATE: NY ZIP: 14831 FORMER COMPANY: FORMER CONFORMED NAME: CORNING GLASS WORKS DATE OF NAME CHANGE: 19890512 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2023-02-08 0000024741 CORNING INC /NY GLW 0001824647 Fang Li ONE RIVERFRONT PLAZA CORNING NY 14831 1 President & GM, International Restricted Stock Unit Common Stock 3952 3952 D Restricted Stock Unit Common Stock 582 582 D Restricted Stock Unit 2023-02-08 4 A 0 2936 0 A Common Stock 2936 2936 D Restricted Stock Unit 2023-02-08 4 A 0 11660 0 A Common Stock 11660 11660 D 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. 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. 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. The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date. 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. 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. Linda E. Jolly, Power of Attorney 2023-02-10