EASTMAN KODAK CO·4

May 21, 4:31 PM ET

New Jason Griffin 4

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Eastman Kodak (KODK) Director Jason Griffin Defers 16,393 Shares; Receives 12,726 RSUs

What Happened

  • Jason Griffin, a director of Eastman Kodak Company, reported that on May 19, 2026 he deferred 16,393 vested restricted stock units (RSUs) into 16,393 shares of phantom stock under the company's Deferred Compensation Plan for Directors (reported as a disposition to the issuer and an acquisition of a derivative). On May 20, 2026 he was granted 12,726 RSUs (derivative). All reported transactions show $0.00 per share and $0 total — these were equity awards/deferrals, not open-market trades.

Key Details

  • Transaction dates and types: 5/19/2026 — disposition to issuer of 16,393 shares @ $0.00 (in exchange for phantom stock) and acquisition of 16,393 derivative shares @ $0.00; 5/20/2026 — grant/acquisition of 12,726 RSUs @ $0.00.
  • Value/price: $0.00 per share; no cash changed hands (compensation/deferral transactions).
  • Filing: Form 4 filed 2026-05-21 covering transactions dated 5/19–5/20/2026 (filed within the usual 2-business-day window).
  • Shares owned after transaction: not specified in the provided filing details.
  • Notable footnotes: F1–F2 — the 16,393 vested RSUs were deferred into phantom stock (each phantom share equals one common share and becomes payable, at the director’s election, in the year after separation in a lump sum or up to 10 annual installments). F3 — the 12,726 RSUs were granted under the 2013 Omnibus Incentive Plan and generally vest the day before the 2027 annual shareholders meeting. F4 — notes an option has fully vested as of the report date (no exercise reported).

Context

  • These transactions are compensation/deferral actions, not purchases or sales in the market. The deferral converts vested RSUs into a payable phantom-share right that pays out post-separation per plan terms; the new RSU grant vests in 2027 (per footnote). Such awards are common for board compensation and do not by themselves indicate a buy/sell signal.