Goodyear Tire & Rubber (GT) executive discloses sizeable RSU holdings
Rhea-AI Filing Summary
Goodyear Tire & Rubber executive Jan-Piet van Kesteren filed an initial Form 3 reporting holdings of restricted stock units granted under the company’s 2022 Performance Plan. These RSUs correspond to 37,270, 58,962 and 38,325 underlying common shares that will convert into stock on future vesting dates.
One grant vests in 33% installments over three years starting on September 1, 2026, another vests fully on September 1, 2027, and a third vests in 33% installments over three years starting on March 1, 2027. All positions are reported as directly owned and are compensation-related, not open-market trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
van Kesteren Jan-Piet
Role
Man. Dir. EMEA & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | 2022 Plan Restricted Stock Units | -- | -- | -- |
| holding | 2022 Plan Restricted Stock Units | -- | -- | -- |
| holding | 2022 Plan Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
2022 Plan Restricted Stock Units — 134,557 shares (Direct)
Footnotes (3)
- F1. Restricted Stock Unit ("RSU") grant under the 2022 Performance Plan. The RSUs will vest and convert into shares of common stock in 33% increments over three years commencing on September 1, 2026.
- F2. Restricted Stock Unit ("RSU") grant under the 2022 Performance Plan. The RSUs will vest and convert into shares of common stock on September 1, 2027.
- F3. Restricted Stock Unit ("RSU") grant under the 2022 Performance Plan. The RSUs will vest and convert into shares of common stock in 33% increments over three years commencing on March 1, 2027.
Key Figures
RSU underlying shares grant 1: 37,270 shares
RSU underlying shares grant 2: 58,962 shares
RSU underlying shares grant 3: 38,325 shares
+3 more
6 metrics
RSU underlying shares grant 1
37,270 shares
Restricted Stock Units under 2022 Performance Plan
RSU underlying shares grant 2
58,962 shares
Restricted Stock Units under 2022 Performance Plan
RSU underlying shares grant 3
38,325 shares
Restricted Stock Units under 2022 Performance Plan
Vesting start date grant 1
September 1, 2026
33% annual vesting over three years
Vesting date grant 2
September 1, 2027
Single vesting date
Vesting start date grant 3
March 1, 2027
33% annual vesting over three years
Key Terms
Restricted Stock Unit ("RSU"), 2022 Performance Plan, Form 3, vest and convert into shares of common stock
4 terms
Restricted Stock Unit ("RSU") financial
"Restricted Stock Unit ("RSU") grant under the 2022 Performance Plan."
2022 Performance Plan financial
"RSU grant under the 2022 Performance Plan. The RSUs will vest and convert"
Form 3 regulatory
"filed an initial Form 3 reporting holdings of restricted stock units"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Jan-Piet van Kesteren’s Form 3 for GT show?
The Form 3 shows Jan-Piet van Kesteren’s existing holdings of restricted stock units under Goodyear’s 2022 Performance Plan. These RSUs represent tens of thousands of future common shares that will vest and convert over several years on specified dates.
When will Jan-Piet van Kesteren’s Goodyear RSUs start vesting?
One RSU grant begins vesting in 33% increments on September 1, 2026. Another grant vests entirely on September 1, 2027, while a third starts vesting in 33% increments on March 1, 2027, all subject to the 2022 Performance Plan terms.
Are Jan-Piet van Kesteren’s GT RSUs open-market purchases or sales?
No, the RSUs are described as grants under Goodyear’s 2022 Performance Plan, not open-market trades. They represent equity-based compensation that will convert into common stock over time, rather than shares bought or sold on the stock market.
Does the Goodyear Form 3 indicate derivative positions for Jan-Piet van Kesteren?
Yes, the filing lists restricted stock units as derivative securities with an exercise price of $0.00. Each derivative position is tied to a specific number of underlying common shares that will be delivered as the RSUs vest according to the stated schedules.
How is ownership of the Goodyear RSUs reported for Jan-Piet van Kesteren?
All restricted stock unit positions in the Form 3 are reported as directly owned. This means the holdings are attributed directly to Jan-Piet van Kesteren rather than through an indirect entity such as a trust, partnership, or family investment vehicle.