Kodak director Philippe Katz buys 2,000 shares
EASTMAN KODAK CO director and 10% owner Philippe D. Katz reported buying 2,000 shares of common stock at $10.30 per share in an open-market transaction.
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Form Type
4
Rhea-AI Filing Summary
EASTMAN KODAK CO director and 10% owner Philippe D. Katz reported buying 2,000 shares of common stock at $10.30 per share in an open-market transaction. After this purchase, he directly holds 187,026 common shares, plus several indirect positions held through related entities.
The filing also lists indirect holdings owned by entities such as KF Investors LLC and Momar Corporation, for which Mr. Katz disclaims beneficial ownership except to the extent of his pecuniary interest. In addition, he directly holds multiple stock options with exercise prices between $3.03 and $12.00 per share, as well as phantom stock and restricted stock units linked one-for-one to Kodak common shares.
Insider Trade Summary
Net Buyer: 2,000 shares
Net Buy
12 txns
Insider
Katz Philippe D
Role
Director, 10% Owner
Bought
2,000 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.01 | 2,000 | $10.30 | $21K |
| 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 | Common Stock, par value $.01 | -- | -- | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.01 — 187,026 shares (Direct);
Restricted Stock Units — 16,393 contracts (Direct);
Phantom Stock — 125,871 contracts (Direct);
Stock Option (Right to Buy) — 45,095 contracts (Direct);
Common Stock, par value $.01 — 2,522,011 shares (Indirect, Owned by KF Investors LLC);
Common Stock, par value $.01 — 1,569,870 shares (Indirect, Owned by Momar Corporation);
Common Stock, par value $.01 — 7,598 shares (Indirect, Owned by United Equities Commodities Company);
Common Stock, par value $.01 — 87,720 shares (Indirect, Owned by Marneu Holding Company);
Common Stock, par value $.01 — 48,875 shares (Indirect, Owned by 111 John Realty Corp.)
Footnotes (8)
- F1. Mr. Katz disclaims beneficial ownership of the securities held by KF Investors LLC, an entity of which Mr. Katz is a managing member, except to the extent of his pecuniary interest therein.
- F2. Mr. Katz disclaims beneficial ownership of the securities held by Momar Corporation, an entity in which Mr. Katz has an ownership interest, except to the extent of his pecuniary interest therein.
- F3. Mr. Katz disclaims beneficial ownership of the securities held by United Equities Commodities Company, an entity of which Mr. Katz is a general partner, except to the extent of his pecuniary interest therein.
- F4. Mr. Katz disclaims beneficial ownership of the securities held by Marneu Holding Company, an entity of which Mr. Katz is a partner, except to the extent of his pecuniary interest therein.
- F5. Mr. Katz disclaims beneficial ownership of the securities held by 111 John Realty Corp., an entity in which Mr. Katz has an ownership interest, except to the extent of his pecuniary interest therein.
- F6. These restricted stock units, which convert into common stock on a one-for-one basis, vest on the day immediately preceding the Company's 2026 annual meeting of shareholders, except as otherwise provided in the award notice.
- F7. Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. Katz 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.
- F8. This option has fully vested as of the date of this report.
Key Figures
Open-market purchase: 2,000 shares at $10.30
Direct common shares after trade: 187,026 shares
KF Investors LLC indirect holding: 2,522,011 shares
+5 more
8 metrics
Open-market purchase
2,000 shares at $10.30
Common Stock, transaction code P on May 13, 2026
Direct common shares after trade
187,026 shares
Common Stock, direct ownership following purchase
KF Investors LLC indirect holding
2,522,011 shares
Common Stock owned by KF Investors LLC; Katz disclaims beneficial ownership except pecuniary interest
Largest option position
25,297 shares at $3.03
Stock Option (Right to Buy), expires May 19, 2027
Other option positions
4,400–7,699 shares
Stock options with exercise prices of $12.00, $6.03, $4.53, expiring May 19, 2030
Phantom stock units
125,871 units
Each represents right to one common share, payable after separation as director
Restricted stock units
16,393 units
Convert one-for-one into common stock, vest before 2026 annual shareholder meeting
Additional indirect holdings
48,875–1,569,870 shares per entity
Common Stock held by 111 John Realty Corp., Momar Corporation and others, with beneficial ownership disclaimed except pecuniary interest
Key Terms
Stock Option (Right to Buy), phantom stock, Restricted Stock Units, beneficial ownership, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)" with various exercise prices and expirations"
phantom stock financial
"Each share of phantom stock represents a right to receive one share of common stock"
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.
Restricted Stock Units financial
"These restricted stock units, which 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.
beneficial ownership financial
"Mr. Katz disclaims beneficial ownership of the securities held by KF Investors LLC"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Philippe D. Katz report for KODK?
Philippe D. Katz reported buying 2,000 shares of Eastman Kodak common stock. The shares were purchased in an open-market transaction at $10.30 per share, increasing his direct holdings to 187,026 common shares according to the Form 4 filing.
What indirect KODK holdings are associated with Philippe D. Katz?
The filing lists indirect Eastman Kodak holdings owned by entities including KF Investors LLC, Momar Corporation, United Equities Commodities Company, Marneu Holding Company, and 111 John Realty Corp. Mr. Katz disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
What stock options on KODK does Philippe D. Katz retain?
Katz retains several stock options on Eastman Kodak common stock, with exercise prices of $12.00, $6.03, $4.53, and $3.03 per share. Underlying share amounts range from 4,400 to 25,297 shares, with option expiration dates in 2027 and 2030 as disclosed.
What are the phantom stock and restricted stock units reported for KODK?
The Form 4 shows 125,871 phantom stock units and 16,393 restricted stock units tied to Eastman Kodak shares. Phantom stock becomes payable after Katz’s service as director ends, while the restricted stock units vest before the company’s 2026 annual shareholder meeting, both on a one-for-one share basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
