CONTINENZA JAMES V 4

What Happened

• James V. Continenza, Executive Chairman, CEO and Director of Eastman Kodak (KODK), was granted 5,000,000 restricted stock units (RSUs) on 2026-02-24. The Form 4 reports this as an award (code A) with an acquisition price of $0.00 (a derivative award rather than a market purchase). The RSUs convert one-for-one into common stock when they vest and were granted under the company’s Amended and Restated 2013 Omnibus Incentive Plan (exempt under Rule 16b-3).

Key Details

• Transaction date: 2026-02-24; Form filed 2026-02-26 (timely filing).
• Award amount/price: 5,000,000 RSUs at $0.00 (no cash exchanged at grant).
• Shares owned after transaction: Not specified in the filing.
• Vesting/footnotes: The award includes multiple tranches with different vesting terms — some RSUs vest immediately on 2/26/2026; others vest on 11/29/2026, with additional installments on 11/29/2027 and 11/29/2028; another tranche vests in equal annual installments over five years beginning 12/31/2026. The filing also references phantom-stock treatment for certain awards payable after separation. (See footnotes F1–F6 for tranche specifics.)
• Other notes: No mention of tax withholding, 10b5-1 plan, or immediate sale; transaction coded as an award/derivative.

Context

• RSUs are compensation awards that convert to shares only when they vest; they are not an immediate open-market purchase or sale. Because these are vesting awards (some immediate, many delayed), they reflect compensation structure rather than an insider buying or selling stock. The grant was reported promptly and is a routine executive compensation disclosure.