Director Michael Sileck acquires KODK shares via RSU grant and exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastman Kodak director Michael Sileck reported routine equity compensation activity. He received a grant of 12,726 restricted stock units (RSUs) that convert into common stock on a one-for-one basis and generally vest immediately before the company’s 2027 annual meeting of shareholders. He also exercised 16,393 RSUs into an equal number of common shares, leaving him with 144,254 shares of common stock held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
16,393 shares exercised/converted
Mixed
3 txns
Insider
SILECK MICHAEL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,726 | $0.00 | -- |
| Exercise | Restricted Stock Units | 16,393 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 | 16,393 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 12,726 shares (Direct, null);
Common Stock, par value $.01 — 144,254 shares (Direct, null)
Footnotes (1)
- These restricted stock units convert into common stock on a one-for-one basis. These restricted stock units 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
New RSU grant: 12,726 units
RSUs exercised: 16,393 units
Common shares held after: 144,254 shares
+1 more
4 metrics
New RSU grant
12,726 units
Restricted Stock Units granted as director compensation
RSUs exercised
16,393 units
Restricted Stock Units converted into common stock
Common shares held after
144,254 shares
Direct holdings after transactions
RSU conversion ratio
1:1
Each RSU converts into one common share
Key Terms
Restricted Stock Units, 2013 Omnibus Incentive Plan, Rule 16b-3, annual meeting of shareholders
4 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.
2013 Omnibus Incentive Plan financial
"These restricted stock units were granted under the Company's 2013 Omnibus Incentive Plan, as amended"
Rule 16b-3 regulatory
"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.
FAQ
What insider transactions did Michael Sileck report at EASTMAN KODAK CO (KODK)?
Michael Sileck reported routine equity transactions. He exercised 16,393 restricted stock units into common stock and received a new grant of 12,726 restricted stock units as part of his director compensation at Eastman Kodak.
How many restricted stock units were granted to Michael Sileck at KODK?
Michael Sileck was granted 12,726 restricted stock units. These units were issued under Eastman Kodak’s 2013 Omnibus Incentive Plan and convert into common stock on a one-for-one basis, vesting immediately before the company’s 2027 annual meeting of shareholders.
What RSU exercise activity did Michael Sileck report for KODK?
Michael Sileck exercised 16,393 restricted stock units into 16,393 shares of Eastman Kodak common stock. Following this exercise, the corresponding RSU derivative position was reduced to zero, reflecting a full conversion of those units into common shares.
Under what plan were Michael Sileck’s new KODK restricted stock units granted?
The 12,726 restricted stock units granted to Michael Sileck were issued under Eastman Kodak’s 2013 Omnibus Incentive Plan, as amended. The grant is described as exempt under Rule 16b-3 and represents routine director equity compensation.