Lynch Kathleen B. 4
4 · EASTMAN KODAK CO · Filed May 18, 2023
Insider Transaction Report
Form 4
EASTMAN KODAK COKODK
Lynch Kathleen B.
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2023-05-16−22,075→ 0 totalExercise: $0.00From: 2023-05-16Exp: 2023-05-16→ Common Stock, par value $.01 (22,075 underlying) - Award
Phantom Stock
2023-05-16+22,075→ 22,075 totalExercise: $0.00→ Common Stock, par value $.01 (22,075 underlying) - Award
Restricted Stock Units
2023-05-17+23,365→ 23,365 totalExercise: $0.00→ Common Stock, par value $.01 (23,365 underlying)
Holdings
- 10,000
Common Stock, par value $.01
Footnotes (3)
- [F1]These restricted stock units convert into common stock on a one-for-one basis. Upon vesting on 5/16/2023, Ms. Lynch deferred the receipt of 22,075 shares of common stock and received instead 22,075 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Ms. Lynch is reporting the disposition of 22,075 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.
- [F2]Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Ms. Lynch in the year following the year of her separation from service as a director in either a single lump sum payment or in a maximum of ten annual installments.
- [F3]These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on the day immediately preceding the Company's 2024 annual meeting of shareholders.