Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 280

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 280
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 in shares of the Company common stock upon vesting. The fair value of restricted stock units and restricted stock awards without a market condition is based on the closing market price of the Company’s stock on the grant date. The following inputs were used for restricted stock units issued in 2023 with a market condition (there were no restricted stock units issued in 2024 or 2022 with a market condition): 

        Year Ended

        December 31,

        2023

        Fair value of restricted stock units granted
         
        $
        3.03

        Risk-free interest rate

        3.80
        %

        Term (in years)

        3.0

        Volatility

        60
        %

        Weighted-average expected dividend yield

        0.00
        %
       
       Compensation cost related to restricted stock units and restricted stock awards was $6 million, $4 million and $4 million for the years ended December 31, 2024, 2023 and 2022, respectively.The weighted average grant date fair value of restricted stock units and awards granted for the years ended December 31, 2024, 2023 and 2022 was $5.29, $3.90 and $4.60, respectively. The total fair value of restricted stock units and awards that vested was $8 million, $4 million and $5 million for the years ended December 31, 2024, 2023 and 2022. As of December 31, 2024, there was $4 million of unrecognized compensation cost related to restricted stock units. The cost is expected to be recognized over a weighted average period of 1.5 years.The following table summarizes information about unvested restricted stock unit and award activity for the year ended December 31, 2024: 

        RestrictedStockUnits/Awards

        Weighted-AverageGrant DateFair Values

        Outstanding on December 31, 2023

        2,537,584

        $
        4.44

        Granted

        715,022

        $
        5.29

        Vested

        1,351,572

        $
        5.00

        Forfeited

        3,334

        $
        7.23

        Outstanding on December 31, 2024

        1,897,700

        $
        4.36