Form 4: Eastman Kodak Executive Terry R. Taber Reports Stock Transactions
SEC Form 4 Filing
Eastman Kodak's Vice President, Terry R. Taber, reports the vesting of restricted stock units and shares withheld for tax obligations.
Summary
- Terry R. Taber, a Vice President at 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, Taber directly owns 75,773 shares of Eastman Kodak common stock.
- Taber also holds derivative securities including performance stock units and stock options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The remaining balance of the restricted stock units vests on 5/17/2026. Performance stock units will vest on 5/17/2026 if certain price targets are met.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.
Comparison to Industry Standards
- Comparing Terry R. Taber's holdings and transactions to those of executives at similar companies like Canon or Fujifilm could provide insights into relative executive compensation and stock ownership.
- Analyzing the vesting schedules and performance-based vesting conditions of Eastman Kodak's equity awards against industry benchmarks can reveal how competitive their compensation packages are.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The vesting of stock units and withholding of shares for taxes has a minor impact on the company's share structure.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Two-thirds of the original grant of restricted stock units vested in substantially equal installments on each of 5/17/2024 and 5/17/2025. |
| 05/17/2025 | Date of transaction: vesting of restricted stock units and shares withheld for taxes. |
| 09/02/2026 | Expiration date for stock options to buy 36,927 shares at $15.58. |
| 05/17/2026 | Balance of restricted stock units vests on 5/17/2026. |
| 05/17/2026 | Performance stock units will vest on 5/17/2026 if the volume-weighted average price per share of common stock within the 20 trading day period before the vesting date exceeds a specified price. |
| 09/13/2027 | Expiration date for stock options to buy 182,742 shares at $12.5. |
| 12/03/2028 | Expiration date for stock options to buy 37,038 shares at $3.9. |
| 05/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Restricted Stock Units, Eastman Kodak, KODK, Insider Trading
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