EASTMAN KODAK CO 8-K
Research Summary
AI-generated summary
Eastman Kodak Co. Revises Executive RSU Vesting for Terry Taber
What Happened
- Eastman Kodak Company announced on Feb 12, 2026 that its Compensation, Nominating and Governance Committee approved revisions to the vesting terms for Terry R. Taber’s existing restricted stock units (RSUs). The grants in question were originally awarded on May 17, 2023. The remaining 16,668 timing-vesting RSUs (part of a 50,000 grant) will remain outstanding and vest on May 17, 2026 as scheduled. Additionally, 50,000 performance-vesting RSUs granted on May 17, 2023 will remain outstanding and will vest on May 17, 2026 only if the applicable performance conditions are met. The 8-K was filed Feb 19, 2026 and signed by Roger W. Byrd.
Key Details
- Committee action date: February 12, 2026 (filing dated Feb 19, 2026).
- Time-based RSUs: 16,668 remaining of a 50,000 May 17, 2023 grant will vest May 17, 2026.
- Performance RSUs: 50,000 granted May 17, 2023 will vest May 17, 2026 subject to current performance conditions.
- No cash payments or other officer departures were reported in this filing.
Why It Matters
- This is an executive compensation/vesting timing change, not a change in total grant size; it affects when shares could be issued if vesting conditions are met. For investors, that timing can influence potential future share dilution and the alignment of executive incentives with company performance. The performance-vesting RSUs remain conditional, so vesting (and any resulting share issuance) depends on the company meeting the stated performance metrics.