SILECK MICHAEL 4

What Happened
Michael Sileck, a director of Eastman Kodak Company, had a conversion/exercise of derivative awards and a subsequent grant in mid‑May 2026. On 2026-05-19 the filing shows 16,393 shares acquired via exercise/conversion of a derivative instrument at $0.00 (total value reported $0). The filing also records a same-day derivative disposition for 16,393 shares at $0.00. On 2026-05-20 he was granted/awarded 12,726 shares (restricted stock units) at $0.00. These were not open‑market purchases or cash sales.

Key Details

• Transaction dates/prices: 2026-05-19 — 16,393 shares acquired via exercise/conversion (M) at $0.00 and same‑day derivative disposition (16,393 @ $0.00); 2026-05-20 — 12,726 shares granted (A) at $0.00.
• Reported dollar value: all entries show $0 (these are equity awards/conversions, not cash trades).
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnotes: F1 — the restricted stock units (RSUs) convert into common stock on a one‑for‑one basis; F2 — the 12,726 RSUs were granted under the 2013 Omnibus Incentive Plan and, unless noted otherwise, vest the day before the Company’s 2027 annual meeting of shareholders.
• Timeliness: Form 4 filed 2026-05-21 for transactions on 2026-05-19 and 05-20; filing appears to be within the standard two-business-day window.

Context

• These entries reflect equity compensation activity (conversion of RSUs/derivative instruments and a new RSU grant), not open‑market buying or selling for cash. Such grants and conversions are routine for directors and generally reflect compensation, not an investment decision.
• The filing’s “disposed” derivative entry at $0 likely corresponds to the conversion/settlement of the derivative instrument into shares as noted by the RSU conversion footnote (F1).