Corning (NYSE: GLW) SVP Fang Li exercises stock appreciation rights on 8,725 shares

Rhea-AI Filing Summary

Corning Incorporated senior vice president Fang Li exercised stock appreciation rights linked to common stock. On May 14, 2026, Li exercised rights covering 8,725 shares of common stock at a base amount of $19.65 per share, resulting in 8,725 common shares reported as directly owned after the transaction. The filing shows the corresponding derivative position in 8,725 stock appreciation rights going to zero following the exercise, indicating this was a compensation-related derivative conversion rather than an open-market purchase or sale.

Insider Trade Summary

8,725 shares exercised/converted

Mixed 2 txns

Insider Fang Li

Role SVP, Corning Intl & NBD, Solar

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Rights (SAR)	8,725	$0.00	--
Exercise	Common Stock	8,725	$19.65	$171K

Holdings After Transaction: Stock Appreciation Rights (SAR) — 0 shares (Direct, null); Common Stock — 8,725 shares (Direct, null)

Footnotes (1)

1. Each vested SAR represents the right to receive a cash payment upon exercise equal to the amount by which the Fair Market Value of a share of Corning Incorporated Common Stock on the date of exercise exceeds the Base Amount ($19.65) for the SAR. The SARs will vest ratably over three years from the May 15, 2020 grant date. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.

Key Figures

Shares from SAR exercise: 8,725 shares Base amount per SAR: $19.65 per share Common shares after transaction: 8,725 shares +3 more

6 metrics

Shares from SAR exercise 8,725 shares Common stock underlying SARs exercised on May 14, 2026

Base amount per SAR $19.65 per share Base amount used to measure SAR value versus fair market value

Common shares after transaction 8,725 shares Directly owned by Fang Li following the reported exercise

SARs remaining after exercise 0 SARs Reported derivative balance in this SAR grant following exercise

SAR expiration date May 15, 2030 Expiration for the stock appreciation rights grant

SAR grant vesting schedule 3 years ratable Vests ratably over three years from May 15, 2020

Key Terms

Stock Appreciation Rights (SAR), Fair Market Value, Base Amount, derivative security, +1 more

5 terms

Stock Appreciation Rights (SAR) financial

"security_title: "Stock Appreciation Rights (SAR)""

Fair Market Value financial

"represents the right to receive a cash payment upon exercise equal to the amount by which the Fair Market Value of a share"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

Base Amount financial

"exceeds the Base Amount ($19.65) for the SAR"

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vest ratably financial

"The SARs will vest ratably over three years from the May 15, 2020 grant date"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fang Li

(Last) (First) (Middle)

ONE RIVERFRONT PLAZA

(Street)

CORNING NEW YORK 14831

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [ GLW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Corning Intl & NBD, Solar

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/14/2026		M		8,725	A	$19.65	8,725	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights (SAR)	$19.65(1)	05/14/2026		M			8,725	(2)	05/15/2030	Common Stock	8,725	$0	0	D

Explanation of Responses:

1. Each vested SAR represents the right to receive a cash payment upon exercise equal to the amount by which the Fair Market Value of a share of Corning Incorporated Common Stock on the date of exercise exceeds the Base Amount ($19.65) for the SAR.

2. The SARs will vest ratably over three years from the May 15, 2020 grant date. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting dates.

	Melissa J. Gambol, Power of Attorney	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Corning (GLW) executive Fang Li report in the latest Form 4?

Fang Li reported exercising stock appreciation rights tied to 8,725 Corning common shares. This compensation-related transaction converted a derivative award into common stock, without any reported open-market buying or selling activity in the filing.

How many Corning (GLW) shares does Fang Li hold after this Form 4 transaction?

After the reported exercise, Fang Li holds 8,725 shares of Corning common stock directly. This post-transaction balance comes from converting stock appreciation rights and reflects equity received through the company’s compensation program.

What price was used for Fang Li’s Corning (GLW) stock appreciation rights exercise?

The stock appreciation rights have a base amount of $19.65 per share. Each vested right entitles Fang Li to a cash payment equal to the fair market value above this $19.65 base at the time of exercise.

What derivative security did Fang Li convert in this Corning (GLW) Form 4?

Fang Li exercised Stock Appreciation Rights (SAR) linked to 8,725 underlying Corning common shares. Following the exercise, the SAR derivative position reported in the filing dropped to zero, showing the entire award was converted in this transaction.

When do Fang Li’s Corning (GLW) stock appreciation rights vest and expire?

The SARs vest ratably over three years from the May 15, 2020 grant date and carry an expiration date of May 15, 2030. Certain events such as retirement, death, or disability can accelerate vesting under the award terms.