Goodyear Tire & Rubber (GT) director reports RSU vesting and fresh grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber director Karla R. Lewis reported routine equity compensation activity involving restricted stock units (RSUs) and common shares. On April 13, 2026, 19,047 RSUs previously granted on April 14, 2025 vested and were converted into 19,047 shares of common stock.
On the same date, Lewis received a new award of 25,605 RSUs under Goodyear's Outside Directors' Equity Participation Plan. Each new RSU was valued at the closing market price of $7.03 on the grant date and is payable only in common stock, with conversion scheduled on the earlier of one year from grant or the 2027 annual meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,047 shares exercised/converted
Mixed
3 txns
Insider
Lewis Karla R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19,047 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 25,605 | $7.03 | $180K |
| Exercise | Common Stock | 19,047 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 19,047 shares (Direct)
Footnotes (1)
- Restricted Stock Units ("RSU"), each equivalent to a share of the Common Stock of the Company and payable only in Common Stock, awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended (the "Plan"). This Form 4 represents the vesting and conversion of RSUs granted April 14, 2025. Each RSU was valued at the fair market value (the closing market price) on the Transaction Date. Each RSU will be converted to a share of Common Stock on the earlier of one year from the date of grant and the date of the 2027 annual meeting.
Key Figures
RSUs vested: 19,047 units
Common shares acquired: 19,047 shares
New RSU grant: 25,605 units
+1 more
4 metrics
RSUs vested
19,047 units
Restricted stock units vested and converted on April 13, 2026
Common shares acquired
19,047 shares
Shares issued upon RSU conversion on April 13, 2026
New RSU grant
25,605 units
New restricted stock unit award to director on April 13, 2026
RSU valuation price
$7.03 per RSU
Fair market value (closing market price) on the transaction date
Key Terms
Restricted Stock Units, Outside Directors' Equity Participation Plan, vesting, fair market value, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSU"), each equivalent to a share of the Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Outside Directors' Equity Participation Plan financial
"awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended"
vesting financial
"This Form 4 represents the vesting and conversion of RSUs granted April 14, 2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
fair market value financial
"Each RSU was valued at the fair market value (the closing market price) on the Transaction Date"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
annual meeting financial
"converted to a share of Common Stock on the earlier of one year from the date of grant and the date of the 2027 annual meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What did Goodyear (GT) director Karla R. Lewis report on this Form 4?
Karla R. Lewis reported routine equity compensation changes, not open-market trades. Previously granted RSUs vested into 19,047 common shares, and she received a new award of 25,605 RSUs under Goodyear’s Outside Directors’ Equity Participation Plan on April 13, 2026.
What new restricted stock unit award did Karla R. Lewis receive from Goodyear (GT)?
Lewis received a new grant of 25,605 restricted stock units. The RSUs were awarded under Goodyear’s Outside Directors’ Equity Participation Plan and are payable only in common stock, using the closing market price of $7.03 per share on the grant date for valuation.
Were there any open-market stock purchases or sales by Karla R. Lewis in this Goodyear (GT) filing?
No open-market purchases or sales were reported in this Form 4. All transactions involve vesting and conversion of restricted stock units and a new RSU award, which are standard components of director equity compensation rather than discretionary market trades.
When will Karla R. Lewis’s new Goodyear (GT) RSUs convert into common stock?
The new RSUs convert on the earlier of one year from grant or the 2027 annual meeting. At that time, each restricted stock unit will be settled in one share of Goodyear common stock, consistent with the terms of the directors’ equity plan.