Kodak GC exercises 33,334 shares, 8,118 withheld for tax
Eastman Kodak’s General Counsel Roger W. Byrd reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Eastman Kodak’s General Counsel Roger W. Byrd reported routine equity compensation activity. He exercised performance and restricted stock units into 33,334 shares of common stock, while 8,118 shares were withheld to cover tax obligations. After these transactions, he directly holds 121,380 common shares and retains several vested stock option awards with exercise prices between $4.28 and $12.50 expiring from 2027 through 2030.
Insider Trade Summary
33,334 shares exercised/converted
Exercise
12 txns
Insider
Byrd Roger W.
Role
General Counsel, Sec., SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,334 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $.01 | 8,334 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $.01 | 2,030 | $9.69 | $20K |
| Exercise | Common Stock, par value $.01 | 25,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $.01 | 6,088 | $9.69 | $59K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Performance Stock Units — 0 contracts (Direct);
Common Stock, par value $.01 — 121,380 shares (Direct);
Stock Option (Right to Buy) — 110,457 contracts (Direct)
Footnotes (5)
- F1. These restricted stock units, which convert into common stock on a one-for-one basis, vested on 5/17/2026.
- F2. Shares withheld to cover tax withholding obligations on the vesting of restricted stock units.
- F3. These performance stock units, which convert into common stock on a one-for-one basis, vested on 5/17/2026, based on the volume-weighted average price per share of common stock within the 20 trading day period before the vesting date exceeding a specified price.
- F4. Shares withheld to cover tax withholding obligations on the vesting of performance stock units.
- F5. This option is fully vested as of the date of this report.
Key Figures
Equity awards exercised: 33,334 shares
Shares withheld for tax: 8,118 shares
Common shares held after: 104,498 shares
+4 more
7 metrics
Equity awards exercised
33,334 shares
Common stock from vested PSUs and RSUs on May 17, 2026
Shares withheld for tax
8,118 shares
Tax withholding on vesting of RSUs and PSUs
Common shares held after
104,498 shares
Direct holdings after exercises and tax withholdings
Performance stock units vested
25,000 units
PSUs converting one-for-one into common stock
Restricted stock units vested
8,334 units
RSUs converting one-for-one into common stock
Option at $12.50
30,457 underlying shares
Stock option expiring September 13, 2027
Options at $4.28
50,000 underlying shares
Two grants expiring May 17, 2030
Key Terms
Restricted Stock Units, Performance Stock Units, Stock Option (Right to Buy), tax withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units, which convert into common stock on a one-for-one basis, vested on 5/17/2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Stock Units financial
"These performance stock units, which convert into common stock on a one-for-one basis, vested on 5/17/2026, based on the volume-weighted average price"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Stock Option (Right to Buy) financial
"This option is fully vested as of the date of this report."
tax withholding obligations financial
"Shares withheld to cover tax withholding obligations on the vesting of restricted stock units."
volume-weighted average price financial
"based on the volume-weighted average price per share of common stock within the 20 trading day period before the vesting date"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did KODK executive Roger W. Byrd report?
Roger W. Byrd exercised equity awards into 33,334 common shares and had 8,118 shares withheld for taxes. These were routine compensation-related transactions, not open-market purchases or sales, and changed only how his existing awards are held.
What equity awards vested for Eastman Kodak (KODK) General Counsel on May 17, 2026?
On May 17, 2026, 25,000 performance stock units and 8,334 restricted stock units vested for Roger W. Byrd. Each unit converts into one share of common stock, creating 33,334 new shares before tax-related share withholdings.
What stock options does Roger W. Byrd still hold in Eastman Kodak (KODK)?
Roger W. Byrd continues to hold several stock options, including grants over 30,457 shares at $12.50 expiring in 2027 and multiple 25,000-share grants at $4.28 expiring in 2030, all referencing Eastman Kodak common stock.
How were KODK performance stock units earned by Roger W. Byrd determined?
The 25,000 performance stock units vested because Kodak’s volume-weighted average share price over the 20 trading days before May 17, 2026 exceeded a specified hurdle. Each vested unit converted into one share of common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
