Form 4: Eastman Kodak CFO David E. Bullwinkle Reports Stock Transactions
SEC Form 4 Filing
Eastman Kodak's CFO, David E. Bullwinkle, reports the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- David E. Bullwinkle, CFO and Senior Vice President of Eastman Kodak, filed a Form 4 detailing changes in beneficial ownership.
- On May 17, 2025, 16,666 restricted stock units vested and converted into common stock.
- 6,009 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, Bullwinkle directly owns 85,228 shares of common stock.
- Bullwinkle also holds various stock options and performance stock units.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports routine stock transactions by a company executive. The vesting of stock units is a standard part of executive compensation.
Positives
- The vesting of restricted stock units indicates a form of compensation and alignment with the company's performance.
Future Outlook
The vesting of performance stock units on 5/17/2026 is contingent on the volume-weighted average price per share of common stock exceeding a specified price.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investor confidence.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and performance-based conditions attached to stock units are typical features designed to incentivize long-term value creation.
- Comparing the size and structure of Bullwinkle's equity holdings with those of CFOs at similarly sized companies in the technology or manufacturing sectors could provide further context.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Two-thirds of the original grant of restricted stock units vested in substantially equal installments on this date. |
| 05/17/2025 | Date of transaction: 16,666 restricted stock units vested and converted into common stock; shares withheld for tax obligations. |
| 02/19/2026 | Stock option (Right to Buy) $3.03 exercisable. |
| 06/30/2026 | Stock option (Right to Buy) $16.24 exercisable. |
| 05/17/2026 | Balance of restricted stock units vests on this date. |
| 05/17/2026 | Performance stock units will vest on this date if certain price conditions are met. |
| 09/13/2027 | Stock option (Right to Buy) $12.5 exercisable. |
| 12/03/2028 | Stock option (Right to Buy) $3.9 exercisable. |
| 02/19/2029 | Stock option (Right to Buy) $4.53, $6.03, $12 exercisable. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Eastman Kodak, Bullwinkle, Stock Options, Restricted Stock Units, Beneficial Ownership, CFO, KODK
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.