Goodyear (GT) director converts RSUs and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber director Werner Geissler reported routine equity compensation activity. On April 13, 2026, 19,047 Restricted Stock Units vested and were converted into an equal number of shares of Common Stock granted under the company’s Outside Directors' Equity Participation Plan.
To cover withholding taxes tied to this vesting, the issuer withheld 4,572 shares at $7.03 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Geissler directly owns 64,475 shares of Goodyear common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,047 shares exercised/converted
Mixed
3 txns
Insider
Geissler Werner
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19,047 | $0.00 | -- |
| Exercise | Common Stock | 19,047 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,572 | $7.03 | $32K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 69,047 shares (Direct)
Footnotes (1)
- Shares of common stock withheld by the issuer for the payment of withholding taxes. Restricted Stock Units ("RSUs"), 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.
Key Figures
RSUs converted: 19,047 units
Shares withheld for taxes: 4,572 shares
Tax withholding price: $7.03 per share
+2 more
5 metrics
RSUs converted
19,047 units
Restricted Stock Units converted to common stock on April 13, 2026
Shares withheld for taxes
4,572 shares
Common stock withheld by issuer to pay withholding taxes
Tax withholding price
$7.03 per share
Value used for shares withheld to satisfy tax obligations
Shares owned after transactions
64,475 shares
Direct Goodyear common stock holdings after April 13, 2026
RSU grant date
April 14, 2025
Original grant date of Restricted Stock Units that vested
Key Terms
Restricted Stock Units, RSUs, Outside Directors' Equity Participation Plan, tax-withholding disposition, +1 more
5 terms
Restricted Stock Units financial
"Shares of common stock withheld by the issuer for the payment of withholding taxes."
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.
RSUs financial
"Restricted Stock Units ("RSUs"), each equivalent to a share of the Common Stock of the Company"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Outside Directors' Equity Participation Plan financial
"awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended"
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What insider transactions did Goodyear (GT) director Werner Geissler report?
Werner Geissler reported RSU vesting and tax withholding. On April 13, 2026, 19,047 Restricted Stock Units converted into common shares, and 4,572 of those shares were withheld by Goodyear to satisfy tax obligations related to the vesting event.
How many Goodyear (GT) RSUs did Werner Geissler convert into common stock?
Geissler converted 19,047 RSUs into common stock. These Restricted Stock Units, each equivalent to one Goodyear common share, vested and were paid solely in stock under the Outside Directors’ Equity Participation Plan, increasing his direct shareholdings before tax withholding.
What are Werner Geissler’s Goodyear (GT) holdings after this Form 4 filing?
Geissler holds 64,475 Goodyear common shares directly. This post-transaction balance reflects RSU conversion of 19,047 shares and the withholding of 4,572 shares for taxes, as reported in the Form 4 insider filing for April 13, 2026.
Were Werner Geissler’s Goodyear (GT) transactions open-market buys or sells?
The filing shows no open-market buys or sells. The transactions consist of an RSU vesting and derivative conversion, plus a tax-withholding disposition where shares were delivered to Goodyear to cover taxes, not sold on the open market.
Under what plan were Werner Geissler’s Goodyear (GT) RSUs granted?
The RSUs were granted under Goodyear’s Outside Directors’ Equity Participation Plan. The Form 4 notes that the RSUs, awarded April 14, 2025, are payable only in common stock and are part of the company’s equity compensation for outside directors.