Form 4: Eastman Kodak CFO David E. Bullwinkle Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Eastman Kodak's CFO, David E. Bullwinkle, reports acquisition of shares through vested restricted stock units and disposition of shares to cover tax obligations.
Summary
- David E. Bullwinkle, CFO and Senior Vice President of Eastman Kodak, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 26, 2024, Bullwinkle acquired 1,500 shares of common stock through the vesting of restricted stock units at a price of $0 per share.
- On the same day, he disposed of 569 shares to cover tax withholding obligations at a price of $4.57 per share.
- Following these transactions, Bullwinkle directly owns 63,914 shares of Eastman Kodak common stock.
- He also holds various derivative securities, including restricted stock units, performance stock units, and stock options with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't contain overtly positive or negative information, but rather reports transactions as required.
Positives
- The acquisition of shares through vesting of restricted stock units could be seen as a positive sign, indicating confidence in the company's future.
Negatives
- The sale of shares to cover tax obligations, while routine, slightly reduces the CFO's direct holdings in the company.
Risks
- The performance stock units are subject to vesting conditions based on the volume-weighted average price per share, which introduces uncertainty regarding their actual conversion into common stock.
Future Outlook
The vesting schedule of restricted stock units and performance stock units extends to 2026, indicating a long-term incentive structure for the CFO.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is specific to Eastman Kodak and its CFO.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CFO's stake in the company.
- It can influence investor sentiment depending on how the transactions are perceived.
Key Dates
| Date | Description |
|---|---|
| 02/19/2026 | Expiration date for some stock options |
| 06/30/2026 | Expiration date for some stock options |
| 09/13/2027 | Expiration date for some stock options |
| 12/03/2028 | Expiration date for some stock options |
| 02/19/2029 | Expiration date for some stock options |
| 03/26/2024 | Date of stock acquisition and disposition |
| 03/28/2024 | Date of report |
| 05/17/2024 | Vesting date for some restricted stock units |
| 05/17/2025 | Vesting date for some restricted stock units |
| 05/17/2026 | Vesting date for some restricted stock units and performance stock units |
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