Kathleen B. Lynch - 16 May 2023 Form 4 Insider Report for EASTMAN KODAK CO (KODK)

Role: Director
Signature: /s/ Roger W. Byrd, Attorney-in-Fact for Kathleen B. Lynch
Issuer symbol: KODK
Transactions as of: 16 May 2023
Net transactions value: $0
Form type: 4
Filing time: 18 May 2023, 17:48:50 UTC
Previous filing: 19 May 2022
Next filing: 16 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KODK	Common Stock, par value $.01						10,000	16 May 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KODK	Restricted Stock Units	Disposed to Issuer	$0	-22,075	-100%	$0.000000^*	0	16 May 2023	Common Stock, par value $.01	22,075	$0.000000	Direct	F1
transaction	KODK	Phantom Stock	Award	$0	+22,075		$0.000000	22,075	16 May 2023	Common Stock, par value $.01	22,075	$0.000000	Direct	F2
transaction	KODK	Restricted Stock Units	Award	$0	+23,365		$0.000000	23,365	17 May 2023	Common Stock, par value $.01	23,365	$0.000000	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.