Eastman Kodak (KODK) CFO reports 15,000-option exercise and updated holdings
Rhea-AI Filing Summary
Eastman Kodak's CFO and Senior Vice President, David E. Bullwinkle, reported a stock option exercise and related share withholding. On 01/05/2026, he exercised 15,000 stock options with a conversion or exercise price of $3.03 per share, receiving common stock of the same amount. As part of a "net exercise," 9,421 common shares were withheld at a price of $8.42 per share to cover the option exercise price and tax withholding obligations, and he retained the remaining shares. Following these transactions, he directly owned 90,807 shares of common stock. He also held 16,668 restricted stock units that convert into common stock on a one-for-one basis and are scheduled to vest on 05/17/2026, and 50,000 performance stock units that will vest on 05/17/2026 if a specified volume-weighted average price condition is met.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 | 15,000 | $3.03 | $45K |
| Tax Withholding | Common Stock, par value $.01 | 9,421 | $8.42 | $79K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| 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 has fully vested as of the date of this report. These restricted stock units, which convert into common stock on a one-for-one basis, will vest on 5/17/2026, except as otherwise provided in the award notice. These performance stock units, which convert into common stock on a one-for-one basis, will vest on 5/17/2026 if the volume-weighted average price per share of common stock within the 20 trading day period before the vesting date exceeds a specified price, except as otherwise provided in the award notice.
FAQ
What insider transaction did Eastman Kodak (KODK) report for David E. Bullwinkle?
David E. Bullwinkle, CFO and Senior Vice President of Eastman Kodak, reported exercising 15,000 stock options on 01/05/2026 and receiving an equal number of common shares.
What unvested equity awards does the Eastman Kodak (KODK) CFO hold?
He held 16,668 restricted stock units, which convert into common stock on a one-for-one basis and vest on 05/17/2026, and 50,000 performance stock units, which may vest on 05/17/2026 if a specified volume-weighted average price condition is satisfied.
Were the Eastman Kodak (KODK) stock options fully vested at the time of exercise?
Yes. A footnote states that the stock option exercised on 01/05/2026 "has fully vested as of the date of this report."
Under what plan were the Eastman Kodak (KODK) options granted to the CFO?
The exercised stock options were granted under the company’s 2013 Omnibus Incentive Plan, as amended, in transactions exempt under Rule 16b-3.
What policy allowed the Eastman Kodak (KODK) CFO to net exercise his options?
The footnotes state that the exercise was made under a policy adopted by the Compensation, Governance and Nominating Committee, allowing employees to net exercise stock options that are scheduled to expire within three months of the exercise date.