KODK.NYSEEastman Kodak CO

Form 4: Eastman Kodak CAO Richard T. Michaels Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Richard T. Michaels, CAO and Corporate Controller of Eastman Kodak, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

  • On May 17, 2024, Richard T. Michaels, CAO and Corporate Controller of Eastman Kodak, reported transactions involving Eastman Kodak common stock.
  • 10,000 restricted stock units vested and converted into 10,000 shares of common stock.
  • 3,633 shares were withheld to cover tax obligations at a price of $4.98 per share.
  • Following these transactions, Michaels directly owns 17,722 shares of common stock and 20,000 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative implications for the company's overall performance.

Future Outlook

The remaining restricted stock units will vest in two substantially equal installments on May 17, 2025, and May 17, 2026.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Key Dates

DateDescription
05/17/2024Date of stock transactions: vesting of restricted stock units and tax withholding.
05/17/2025Next vesting date for a portion of the restricted stock units.
05/17/2026Final vesting date for the remaining restricted stock units.
05/21/2024Date of Form 4 filing.

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