Form 4: Eastman Kodak Director Kathleen B. Lynch Reports Stock Transactions

Kathleen B. Lynch, a director at Eastman Kodak, reports the disposition of common stock in exchange for phantom stock and the acquisition of restricted stock units.

Summary

• Kathleen B. Lynch, a director at Eastman Kodak, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• On May 14, 2024, Ms. Lynch disposed of 23,365 shares of common stock in exchange for an equal number of shares of phantom stock under the Eastman Kodak Company Deferred Compensation Plan for Directors.
• Also on May 14, 2024, Ms. Lynch vested in 23,365 restricted stock units that convert into common stock on a one-for-one basis.
• On May 15, 2024, Ms. Lynch acquired 19,921 restricted stock units that convert into common stock on a one-for-one basis, vesting the day before the company's 2025 annual meeting of shareholders.
• Following these transactions, Ms. Lynch directly owns 10,000 shares of common stock, 45,440 shares of phantom stock, and 19,921 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The restricted stock units acquired on May 15, 2024, will vest the day immediately preceding the Company's 2025 annual meeting of shareholders.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by SEC regulations. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.

Key Dates