Company: KODK
Filing Date: 2025-04-10
Form Type: DEF 14A
Source: 0001140361-25-013170
Chunk: 31

Company: EASTMAN KODAK CO
Filing Date: 2025-04-10
Form: DEF 14A
Chunk 31
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 the Committee evaluates the achievement of the Annual Commitment Plan for the fiscal year and determines (in its discretion) the number of PSUs in the applicable tranche earned for such fiscal year, which are banked. For the 2024 fiscal year, the Committee determined that the Company achieved its Annual Commitment Plan and the first tranche vested on February 20, 2025 and the shares for such tranche were banked. For 2024, the Committee approved a payout to Mr. Continenza of $1,250,000 to recognize strong performance in 2024. Following the end of the full performance period, the Committee will evaluate the achievement of the Annual Commitment Plan each fiscal year over the entire performance period and may determine (in its discretion) an additional number of PSUs earned for the performance period, not to exceed 100% of the Number of PSUs in the aggregate. Pursuant to the CEO Employment Agreement, Mr. Continenza received a grant of 172,414 restricted stock units (RSUs) under the 2013 Incentive Plan on November 29, 2024, which vest one-third on November 29, 2025, November 29, 2026 and November 29, 2027, subject to continued employment through each vesting date.

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TABLE OF CONTENTS At the Committee’s meeting on March 26, 2024, it approved a grant of restricted stock units (RSUs) to Messrs. Bullwinkle, Byrd and Continenza with immediate vesting in recognition of contributions made during 2023. Please see the “Grants of Plan-Based Awards Table” for the number and grant date fair value of the above equity awards. OTHER COMPENSATION Tax-Qualified Retirement Plans: KRIP and SIP We offer tax-qualified retirement plans in the U.S. designed and intended to attract and retain employees. Our tax-qualified defined benefit plan, comprised of a cash balance component and a traditional defined benefit component (KRIP), and our tax-qualified 401(k) defined contribution plan (SIP), cover all U.S. employees. Benefit accruals in the traditional defined benefit component of KRIP and employer contributions to SIP were frozen as of January 1, 2015. Effective January 1, 2022, the cash balance accrual was increased from 9% to 12%. The details of KRIP are described following the “Pension Benefits Table” included below