[Form 4] EASTMAN KODAK COMPANY Insider Trading Activity
Rhea-AI Filing Summary
James V. Continenza, Executive Chairman and CEO of Eastman Kodak Company (KODK), purchased 50,000 shares of common stock on 08/14/2025 at a weighted average price of $5.74 per share. After the purchase he directly beneficially owns 1,902,011 shares. The filing also discloses his holdings of equity awards: several tranches of restricted stock units converting one-for-one into common shares (100,000; 172,414; 392,671), phantom stock representing 241,589 shares payable after separation, and multiple stock options and option pools totaling over 4.7 million underlying shares across various strike prices and exercise dates, some fully vested and some with vesting in 2025–2026.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider purchase of 50,000 shares at $5.74 increases CEO's direct stake and signals a measurable, affirmative purchase.
The transaction is a straightforward open-market purchase by the company's Executive Chairman and CEO, increasing direct beneficial ownership to 1,902,011 shares. The disclosure of substantial equity compensation (RSUs, phantom stock, and multiple option tranches) shows the CEO's compensation is heavily equity-linked, with significant vesting events in 2025–2026 and many options already vested. For investors, the purchase is a confirmed insider buy but should be weighed alongside large outstanding option-based dilutive instruments and timing of vesting schedules.
TL;DR: Filing is a routine Section 16 disclosure showing standard executive equity holdings and a market purchase; no governance exceptions noted.
The Form 4 provides required transparency on changes in beneficial ownership and lists the nature and vesting schedules of RSUs, phantom stock, and options. Vesting schedules and the note that certain options are fully vested are properly disclosed. There are no amendments, repurchase plans, or unusual transfer mechanisms reported. The filing appears compliant and complete for the transactions and holdings it covers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $.01 | 50,000 | $5.74 | $287K |
| 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) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
Footnotes (1)
- The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.565 to $5.92, inclusive. Mr. Continenza undertakes to provide Eastman Kodak Company (the "Company"), any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. These restricted stock units, which convert into common stock on a one-for-one basis, will vest on 2/26/2026. These restricted stock units, which convert into common stock on a one-for-one basis, will vest in substantially equal installments on each of 11/29/2025, 11/29/2026 and 11/29/2027. These restricted stock units, which convert into common stock on a one-for-one basis, will vest in substantially equal installments on each of 11/29/2025 and 11/29/2026. 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. This option is fully vested as of the date of this report.
