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