Kodak (NYSE: KODK) CEO receives 5M restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EASTMAN KODAK CO Executive Chairman and CEO James V. Continenza received a grant of 5,000,000 restricted stock units on February 24, 2026. The RSUs convert into common stock on a one-for-one basis and, under the award terms, will vest annually in five equal installments starting on 12/31/2026.
The filing also reports Continenza’s existing equity interests, including holdings of restricted stock units with various vesting dates in 2026–2028, phantom stock units representing the right to receive common shares after board service ends, several fully vested stock option awards, and 3,050,896 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
CONTINENZA JAMES V
Role
Executive Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,000,000 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Phantom Stock | -- | -- | -- |
| 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) | -- | -- | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,000,000 shares (Direct);
Phantom Stock — 241,589 shares (Direct);
Stock Option (Right to Buy) — 298,780 shares (Direct);
Common Stock, par value $.01 — 3,050,896 shares (Direct)
Footnotes (1)
- These restricted stock units, which convert into common stock on a one-for-one basis ("RSUs"), were granted under the Company's Amended and Restated 2013 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice or the employment agreement between the reporting person and the Company, will vest annually in five equal installments commencing 12/31/2026. These RSUs will vest on 2/26/2026, except as otherwise provided in the award notice or the employment agreement between the reporting person and the Company. These RSUs will vest on 11/29/2026, except as otherwise provided in the award notice or the employment agreement between the reporting person and the Company. These RSUs will vest in substantially equal installments on each of 11/29/2026 and 11/29/2027, except as otherwise provided in the award notice or the employment agreement between the reporting person and the Company. These RSUs will vest in substantially equal installments on each of 11/29/2026, 11/29/2027 and 11/29/2028, except as otherwise provided in the award notice or the employment agreement between the reporting person and the Company. Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. Continenza in the year following the year of his separation from service as a director in either a single lump sum payment or in a maximum of ten annual installments. This option is fully vested as of the date of this report.
FAQ
What equity award did Kodak (KODK) CEO James Continenza receive?
James Continenza received a grant of 5,000,000 restricted stock units (RSUs) on February 24, 2026. Each RSU converts into one share of Eastman Kodak common stock, providing a substantial stock-based incentive tied to the company’s future performance and his continued service.
How do James Continenza’s new Kodak RSUs vest over time?
The 5,000,000 RSUs vest in five equal annual installments, beginning December 31, 2026. Vesting continues annually thereafter, subject to the terms in the award notice and his employment agreement, linking the bulk of this equity award to multi-year service at Eastman Kodak.
What does James Continenza’s Kodak phantom stock represent?
The filing shows 241,589 shares of phantom stock, each representing a right to receive one Kodak common share. Payment occurs after his separation from service as a director, in either a lump sum or up to ten annual installments, at his election under the plan’s rules.
What stock option positions does James Continenza hold at Kodak?
Continenza holds several stock options to buy Kodak common shares, with reported post-transaction balances such as 298,780, 170,733, 350,000 and 200,000 options in different grants. One option grant is stated to be fully vested as of the report date, enhancing his potential upside.
Do the new Kodak RSUs for James Continenza have a cash cost to him?
The 5,000,000 RSUs were granted at a price of $0.0000 per unit, meaning Continenza did not pay cash to receive the award. Instead, the RSUs represent stock-based compensation that may settle in Kodak common shares as vesting conditions are satisfied over time.