Bovenzi David 4

What Happened

• David Bovenzi, a director of Eastman Kodak Co. (KODK), converted/exercised 16,393 derivative shares on 2026-05-19 (exercise/conversion code M) at an effective price of $0.00 and the same 16,393 derivative shares were recorded as disposed the same day (disposition value $0). On 2026-05-20 he was granted 12,726 restricted stock units (RSUs) under the company’s 2013 Omnibus Incentive Plan (award code A) at $0.00. The conversions/transactions show no cash purchase price; the RSU grant is an award, not an open-market purchase.

Key Details

• Transaction dates and prices:
  • 2026-05-19: Exercise/conversion (M) — 16,393 shares acquired @ $0.00; 16,393 shares disposed @ $0.00.
  • 2026-05-20: Grant/award (A) — 12,726 RSUs @ $0.00.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: These RSUs convert into common stock on a one-for-one basis.
  • F2: The RSUs were granted under the 2013 Omnibus Incentive Plan, exempt under Rule 16b-3, and (unless otherwise provided) vest the day before the Company’s 2027 annual meeting of shareholders.
• Filing timeliness: Report filed 2026-05-21 for transactions dated 2026-05-19 — the filing does not appear to be marked late.

Context

• The filing shows a derivative conversion and same-day disposition of the converted shares, followed by a new RSU award. The filing does not state the reason for the same-day disposition; such patterns are commonly related to tax withholding or net-settlement mechanics, but no motive is disclosed. The RSU award will not vest until shortly before the 2027 annual meeting per the filing.