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Goodyear names David E. Phillips EVP and legal chief

His annual incentive target is $850,000, and an additional restricted stock unit grant with a $1,250,000 grant date fair value is expected in February 2027.

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Form Type
8-K

Rhea-AI Filing Summary

The Goodyear Tire & Rubber Company (GT) elected David E. Phillips as Executive Vice President, Chief Legal Officer and Head of Enterprise Transformation, effective November 1, 2026. With the added responsibilities, he will receive an annual base salary of $850,000 and continue in the Executive Annual Incentive Plan with an updated annual target of $850,000.

The Human Capital and Compensation Committee is expected to approve an additional restricted stock unit grant with a grant date fair value of $1,250,000 under the 2022 Performance Plan in conjunction with the normal annual grant cycle in February 2027.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Annual base salary $850,000 per year For David E. Phillips with his additional responsibilities
Annual incentive target $850,000 Updated target under the Executive Annual Incentive Plan
Grant date fair value $1,250,000 Additional restricted stock unit grant expected in February 2027
Effective date November 1, 2026 Appointment to executive roles
Executive Annual Incentive Plan financial
"continue to participate in the Company’s Executive Annual Incentive Plan"
restricted stock unit grant financial
"an additional restricted stock unit grant"
grant date fair value financial
"with a grant date fair value of $1,250,000"
The grant date fair value is the estimated dollar worth of a stock-based award (such as stock options or restricted shares) at the exact moment it is given to an employee or contractor. Investors care because companies use that value to record compensation expenses and to show how much potential ownership and earnings dilution those awards could create—think of it as the price tag placed on a gift card when it is handed over so the company can report the cost now.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is David E. Phillips's new role at GT?

David E. Phillips was elected Executive Vice President, Chief Legal Officer and Head of Enterprise Transformation, effective November 1, 2026.

What is David E. Phillips's annual compensation at GT?

His annual base salary is $850,000, and his updated annual target under the Executive Annual Incentive Plan is $850,000.

When is GT's additional restricted stock unit grant for David E. Phillips expected?

The Human Capital and Compensation Committee is expected to approve the additional grant in conjunction with the normal annual grant cycle in February 2027. Its grant date fair value is $1,250,000.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 1, 2026
___________________________________
The Goodyear Tire & Rubber Company
(Exact name of registrant as specified in its charter)
___________________________________

Ohio1-192734-0253240
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification Number)
200 Innovation Way
Akron, Ohio 44316-0001
(Address of principal executive offices and zip code)
(330) 796-2121
(Registrant's telephone number, including area code)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, Without Par Value
GT
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The Board of Directors of The Goodyear Tire & Rubber Company (the “Company”) elected David E. Phillips as Executive Vice President, Chief Legal Officer and Head of Enterprise Transformation, effective November 1, 2026.

As a result of his additional responsibilities, Mr. Phillips will receive an annual base salary of $850,000 and will continue to participate in the Company’s Executive Annual Incentive Plan, with an updated annual target of $850,000. The Human Capital and Compensation Committee is expected to approve an additional restricted stock unit grant, with a grant date fair value of $1,250,000, under the Company’s 2022 Performance Plan in conjunction with the normal annual grant cycle in February 2027.




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


THE GOODYEAR TIRE & RUBBER COMPANY
Date: November 5, 2026
By:
/s/ Daniel T. Young
Name:
Daniel T. Young
Title:
Secretary



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