Kodak (NYSE: KODK) CFO exercises 66,668 units; 24,034 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastman Kodak CFO David E. Bullwinkle reported equity award activity involving common stock and stock options. On May 17, 2026, 50,000 performance stock units and 16,668 restricted stock units converted into the same number of common shares as they vested.
To cover related tax withholding obligations, 18,025 and 6,009 common shares were delivered back to the company, which is a non-market disposition. After these transactions, Bullwinkle directly holds 107,475 shares of common stock. He also continues to hold several stock option grants over Kodak common stock at exercise prices between $3.90 and $16.24 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
66,668 shares exercised/converted
Mixed
12 txns
Insider
Bullwinkle David E
Role
CFO and Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 16,668 | $0.00 | -- |
| Exercise | Performance Stock Units | 50,000 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 | 16,668 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 | 6,009 | $9.69 | $58K |
| Exercise | Common Stock, par value $.01 | 50,000 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 | 18,025 | $9.69 | $175K |
| 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 shares (Direct, null);
Performance Stock Units — 0 shares (Direct, null);
Common Stock, par value $.01 — 107,475 shares (Direct, null);
Stock Option (Right to Buy) — 10,000 shares (Direct, null)
Footnotes (1)
- These restricted stock units, which convert into common stock on a one-for-one basis, vested on 5/17/2026. Shares withheld to cover tax withholding obligations on the vesting of restricted stock units. 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. Shares withheld to cover tax withholding obligations on the vesting of performance stock units. This option has fully vested as of the date of this report.
Key Figures
Performance stock units vested: 50,000 shares
Restricted stock units vested: 16,668 shares
Shares withheld for RSU taxes: 18,025 shares
+4 more
7 metrics
Performance stock units vested
50,000 shares
Converted to common stock on a one-for-one basis on May 17, 2026
Restricted stock units vested
16,668 shares
Converted to common stock on a one-for-one basis on May 17, 2026
Shares withheld for RSU taxes
18,025 shares
Shares delivered to cover tax withholding obligations on vested restricted stock units
Shares withheld for PSU taxes
6,009 shares
Shares delivered to cover tax withholding obligations on vested performance stock units
Direct common shares after transactions
107,475 shares
Total Kodak common stock directly held after May 17, 2026 transactions
Largest remaining option grant
355,330 underlying shares at $12.50
Stock option over Kodak common stock expiring September 13, 2027
Additional option grant
45,942 underlying shares at $16.24
Stock option over Kodak common stock expiring June 30, 2026
Key Terms
Performance Stock Units, Restricted Stock Units, tax withholding obligations, Stock Option (Right to Buy), +1 more
5 terms
Performance Stock Units financial
"These performance stock units, which convert into common stock on a one-for-one basis, vested on 5/17/2026."
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.
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.
tax withholding obligations financial
"Shares withheld to cover tax withholding obligations on the vesting of restricted stock units."
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) over Common Stock, par value $.01 with stated exercise prices and expiration dates."
derivative exercise/conversion financial
"Transaction code "M" is described as Exercise or conversion of derivative security."
FAQ
What did Kodak (KODK) CFO David Bullwinkle report in this Form 4?
Kodak CFO David Bullwinkle reported vesting of performance and restricted stock units that converted into common shares, plus related tax-withholding share dispositions. The filing also details his remaining stock option grants and updated direct common share ownership after these compensation-related events.