CONTINENZA JAMES V 4

What Happened

• James V. Continenza, Executive Chairman and CEO of Eastman Kodak (KODK), reported conversions of restricted stock units (RSUs) on 2026-02-26. The filing shows two conversions of 100,000 RSUs (total 200,000) into common shares at $0.00 per share.
• To satisfy tax withholding on the vesting, 39,350 shares were withheld/disposed at $7.53 per share, a withholding value of $296,306. Net shares issued to Mr. Continenza after withholding were 160,650.

Key Details

• Transaction date: 2026-02-26.
• Conversions: two derivative conversions (M) of 100,000 shares each at $0.00 (total 200,000 shares converted).
• Tax withholding: 39,350 shares disposed (F) at $7.53 each, total $296,306 (footnote F2 indicates shares were withheld to cover tax obligations).
• Net increase in common stock held by Continenza from these conversions: 160,650 shares (200,000 converted − 39,350 withheld).
• Relevant footnotes: F1 (RSUs vested on 2/26/2026) and F2 (shares withheld for tax withholding). Other footnotes in the filing describe vesting schedules for other awards but do not change this transaction’s mechanics.
• Shares owned after the transaction: not specified in the supplied filing excerpt.
• Filing timeliness: no late-filing flag shown in the provided data.

Context

• This was not an open-market purchase or a voluntary sale; it was the vesting/conversion of RSUs into common stock with a standard share-withholding to satisfy tax liabilities (a routine administrative transaction).
• For retail investors, note this is an award vesting event (adds shares to the insider after withholding) rather than an outright sale signaling liquidity needs or market view.