Kodak director receives stock and phantom units
Eastman Kodak director Kathleen B. Lynch reported equity compensation and deferral activity, not open‑market trading.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Eastman Kodak director Kathleen B. Lynch reported equity compensation and deferral activity, not open‑market trading. She received 12,726 restricted stock units that convert one-for-one into common shares and generally vest immediately before the 2027 annual shareholder meeting. On a prior grant vesting on 5/19/2026, she deferred 16,393 common shares into 16,393 phantom stock units under Kodak’s Deferred Compensation Plan for Directors, leaving her with 10,000 common shares, 81,754 phantom stock units, and 12,726 unvested RSUs reported in this filing.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Lynch Kathleen B.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,726 | $0.00 | $0.00 |
| Disposition | Restricted Stock Units | 16,393 | $0.00 | $0.00 |
| Grant/Award | Phantom Stock | 16,393 | $0.00 | $0.00 |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 12,726 contracts (Direct);
Phantom Stock — 81,754 contracts (Direct);
Common Stock, par value $.01 — 10,000 shares (Direct)
Footnotes (3)
- F1. These restricted stock units convert into common stock on a one-for-one basis. Upon vesting on 5/19/2026, Ms. Lynch deferred the receipt of 16,393 shares of common stock and received instead 16,393 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Ms. Lynch is reporting the disposition of 16,393 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.
- F2. Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Ms. Lynch in the year following the year of her separation from service as a director in either a single lump sum payment or in a maximum of ten annual installments.
- F3. These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on the day immediately preceding the Company's 2027 annual meeting of shareholders.
Key Figures
RSUs granted: 12,726 units
RSUs deferred/converted: 16,393 units
Phantom stock after transactions: 81,754 units
+2 more
5 metrics
RSUs granted
12,726 units
Restricted stock units granted to Kathleen Lynch, one-for-one into common stock
RSUs deferred/converted
16,393 units
Vested RSUs whose underlying shares were deferred into phantom stock
Phantom stock after transactions
81,754 units
Total phantom stock units held by Kathleen Lynch following the deferral
Common shares held
10,000 shares
Direct common stock holdings after reported activity
Unvested RSUs outstanding
12,726 units
Unvested restricted stock units remaining after the new grant
Key Terms
Restricted Stock Units, phantom stock, Deferred Compensation Plan for Directors, Rule 16b-3, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units convert into common stock on a one-for-one basis."
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.
phantom stock financial
"received instead 16,393 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Directors financial
"pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan")"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
Rule 16b-3 regulatory
"were granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
2013 Omnibus Incentive Plan financial
"were granted under the Company's 2013 Omnibus Incentive Plan, as amended"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Kathleen Lynch report for EASTMAN KODAK CO (KODK)?
Kathleen Lynch reported equity compensation activity, including a grant of 12,726 restricted stock units and a deferral of 16,393 vested shares into phantom stock units under Kodak’s director deferred compensation plan, rather than any open-market share purchases or sales.
How many restricted stock units did Kathleen Lynch receive from EASTMAN KODAK CO (KODK)?
She received 12,726 restricted stock units that convert into common stock on a one-for-one basis. These units were granted under Kodak’s 2013 Omnibus Incentive Plan and, unless otherwise specified, vest immediately before the company’s 2027 annual meeting of shareholders.
What happened to the 16,393 restricted stock units vesting for Kathleen Lynch at EASTMAN KODAK CO (KODK)?
Upon vesting on May 19, 2026, Kathleen Lynch deferred the 16,393 underlying common shares and received 16,393 phantom stock units instead, exchanging common stock for phantom stock under Kodak’s Deferred Compensation Plan for Directors as a form of deferred compensation.
What is phantom stock in the context of EASTMAN KODAK CO (KODK) director compensation?
Each Kodak phantom stock unit represents a right to receive one share of common stock. For directors like Kathleen Lynch, these units are payable after separation from board service, either in a single lump sum or up to ten annual installments, based on her election.
How many EASTMAN KODAK CO (KODK) phantom stock units does Kathleen Lynch hold after these transactions?
Following the reported transactions, Kathleen Lynch holds 81,754 phantom stock units. This total reflects the addition of 16,393 new phantom stock units received when she deferred vested common shares under the company’s Deferred Compensation Plan for Directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
