Goodyear CEO exercises 355,537 share units
GOODYEAR TIRE & RUBBER CO /OH/ CEO & President Mark Wynn reported equity compensation activity involving performance share units.
Rhea-AI Filing Summary
GOODYEAR TIRE & RUBBER CO /OH/ CEO & President Mark Wynn reported equity compensation activity involving performance share units. He exercised 355,537 2022 Plan Performance Share Units, which converted into the same number of shares of common stock, representing the conversion of 84% of the base number of Units granted, payable entirely in stock.
To cover withholding taxes, 163,903 shares of common stock were withheld by the company rather than sold on the open market. After these transactions, Wynn directly holds 746,646 shares of common stock, indicating a net increase in his direct equity position from this vesting and tax-withholding event.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Plan Performance Share Units | 355,537 | $0.00 | $0.00 |
| Exercise | Common Stock | 355,537 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 163,903 | $5.64 | $924K |
Footnotes (2)
- F1. Shares of common stock withheld by the issuer for the payment of withholding taxes.
- F2. This Form 4 reports the conversion of 84% of the base number of Units granted, payable 100% in common stock.
Key Figures
Key Terms
tax-withholding disposition financial
derivative exercise/conversion financial
withholding taxes financial
FAQ
What insider transactions did GOODYEAR (GT) CEO Mark Wynn report?
What is Mark Wynn’s GOODYEAR (GT) common stock holding after these transactions?
Did Mark Wynn’s Form 4 show open-market buying or selling of GOODYEAR (GT) stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.