KODK Files 4 with SEC
Rhea-AI Filing Summary
Eastman Kodak Company Executive Chairman and CEO James V. Continenza reported multiple stock option exercises and related share withholdings on 12/19/2025. He exercised options to buy 1,150,000 and 981,707 shares of common stock at an exercise price of $3.03 per share. A total of 706,229 and 602,878 shares were withheld at a price of $8.33 per share to cover the option exercise price and tax withholding in a "net exercise," and he retained the remaining shares. Following these transactions, he directly beneficially owned 2,878,544 shares of common stock. He also reports holdings of restricted stock units that vest between 2026 and 2028, phantom stock representing 241,589 share-equivalent units, and additional stock options with exercise prices between $4.53 and $12 expiring on 02/19/2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 1,150,000 | $0.00 | -- |
| Exercise | Stock Option (Right to Buy) | 981,707 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 | 1,150,000 | $3.03 | $3.48M |
| Tax Withholding | Common Stock, par value $.01 | 706,229 | $8.33 | $5.88M |
| Exercise | Common Stock, par value $.01 | 981,707 | $3.03 | $2.97M |
| Tax Withholding | Common Stock, par value $.01 | 602,878 | $8.33 | $5.02M |
| 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) | -- | -- | -- |
Footnotes (1)
- The reporting person exercised stock options and used a portion of the shares to pay the option exercise price and cover tax withholding obligations (a "net exercise") by electing to have the issuer withhold shares otherwise deliverable after the stock option exercise. The reporting person retained all of the remaining shares. The stock options were granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3, and were scheduled to expire on February 19, 2026. The reporting person exercised the stock options in a transaction exempt under Rule 16b-3 in accordance with a policy adopted by the Compensation, Governance and Nominating Committee of the Board of Directors allowing employees to net exercise stock options as long as the stock options are scheduled to expire within three months of the date of exercise. This option is fully vested as of the date of this report. These restricted stock units, which convert into common stock on a one-for-one basis ("RSUs"), will vest on 2/26/2026, except as otherwise provided in the award notice. These RSUs will vest on 11/29/2026, except as otherwise provided in the award notice. 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. 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. 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.
