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

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, 2025, Richard T. Michaels, CAO and Corporate Controller of Eastman Kodak, had restricted stock units convert into 10,000 shares of common stock.
• Simultaneously, 3,892 shares were withheld to cover tax obligations related to the vesting of these restricted stock units at a price of $6.49 per share.
• Following these transactions, Michaels directly owns 23,830 shares of Eastman Kodak common stock.
• He also continues to hold 10,000 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It reflects standard corporate practices.

Future Outlook

Two-thirds of the original grant of these restricted stock units vested in substantially equal installments on each of 5/17/2024 and 5/17/2025, and except as otherwise provided in the award notice, the balance vests on 5/17/2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The vesting of restricted stock units dilutes existing shareholders' equity to a small degree.

Key Dates

Keywords

Eastman Kodak, Richard T. Michaels, Form 4, Stock Transaction, Restricted Stock Units, Beneficial Ownership, KODK