Form 4: Eastman Kodak Director Jason Griffin New Reports Changes in Beneficial Ownership

Director Jason Griffin New reports changes in beneficial ownership of Eastman Kodak stock, including transactions involving restricted stock units and phantom stock.

Summary

• Jason Griffin New, a director at Eastman Kodak, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report includes the vesting of 19,921 restricted stock units that convert into common stock on a one-for-one basis on May 20, 2025.
• Mr. New deferred the receipt of these shares and instead received 19,921 shares of phantom stock under the Eastman Kodak Company Deferred Compensation Plan for Directors.
• He also acquired 16,393 restricted stock units on May 21, 2025, which will vest before the company's 2026 annual meeting.
• The report also details Mr. New's ownership of various stock options with exercise prices ranging from $3.03 to $12, all of which are fully vested as of the report date.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions and holdings, without expressing any positive or negative sentiment.

Future Outlook

The report details future vesting dates for restricted stock units and the terms of the deferred compensation plan, indicating future stock ownership changes.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the financial interests of company directors.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units and stock options are standard practice among publicly traded companies like Eastman Kodak.
• Deferred compensation plans, similar to the Eastman Kodak Company Deferred Compensation Plan for Directors, are also common tools used to attract and retain key personnel.
• The specific terms and amounts of these compensation elements are typically benchmarked against peer companies in the same industry to ensure competitiveness.

Stakeholder Impact

• Shareholders are informed about the stock ownership of a key director.
• The filing provides transparency regarding executive compensation practices.

Next Steps

• Vesting of restricted stock units before the 2026 annual meeting.
• Potential payout of phantom stock based on Mr. New's election after separation from service as a director.

Key Dates

Keywords

Form 4, beneficial ownership, Eastman Kodak, KODK, Jason Griffin New, restricted stock units, phantom stock, stock options, director compensation