Form 4: Eastman Kodak CEO James Continenza Reports Stock Transactions
SEC Form 4 Filing
James Continenza, Eastman Kodak's Executive Chairman and CEO, reports the vesting of restricted stock units and associated tax withholding, impacting his beneficial ownership of company stock.
Summary
- On February 26, 2025, James Continenza, the Executive Chairman and CEO of Eastman Kodak, reported transactions involving the company's stock.
- These transactions included the vesting of 100,000 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
- Additionally, 39,350 shares were withheld to cover tax obligations related to the vesting of the RSUs at a price of $7.15 per share.
- Following these transactions, Continenza's direct ownership increased to 1,852,011 shares.
- Continenza also holds various derivative securities, including additional RSUs, phantom stock, and stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
Executive compensation packages often include stock and option grants to align management interests with shareholder value. Vesting schedules and tax implications are standard components of these arrangements.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding may have a minor impact on the company's share price.
Key Dates
| Date | Description |
|---|---|
| 02/19/2026 | Expiration date for some stock options with an exercise price of $3.03 |
| 02/19/2029 | Expiration date for various stock options with exercise prices of $4.53, $6.03, and $12 |
| 02/26/2025 | Date of earliest transaction, vesting of RSUs, and tax withholding. |
| 02/26/2026 | Date when remaining RSUs from one grant will vest. |
| 02/28/2025 | Date of signature on the Form 4 filing. |
| 11/29/2025 | Date of first installment vesting for some RSUs. |
| 11/29/2026 | Date of second installment vesting for some RSUs. |
| 11/29/2027 | Date of third installment vesting for some RSUs. |
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