Goodyear (GT) director Joseph Hinrichs awarded 25,605 RSUs as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber Company director Joseph R. Hinrichs received a grant of 25,605 Restricted Stock Units (RSUs) on Common Stock, awarded as director compensation. The RSUs were valued at the closing market price of $7.03 per share on the grant date.
Each RSU is payable only in Common Stock and will convert into one share on the earlier of one year from the grant date or the company’s 2027 annual meeting. Following this grant, Hinrichs holds 25,605 RSUs directly under Goodyear’s Outside Directors’ Equity Participation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hinrichs Joseph R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 25,605 | $7.03 | $180K |
Holdings After Transaction:
Restricted Stock Units — 25,605 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"). 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 granted: 25,605 RSUs
RSU valuation price: $7.03 per share
RSUs held after transaction: 25,605 RSUs
3 metrics
RSUs granted
25,605 RSUs
Equity award to outside director on transaction date
RSU valuation price
$7.03 per share
Fair market value (closing market price) on grant date
RSUs held after transaction
25,605 RSUs
Total Restricted Stock Units directly held following grant
Key Terms
Restricted Stock Units, Outside Directors' Equity Participation Plan, fair market value
3 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"
fair market value financial
"Each RSU was valued at the fair market value (the closing market price)"
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.
FAQ
What insider transaction did GT director Joseph Hinrichs report?
Joseph R. Hinrichs reported receiving a grant of 25,605 Restricted Stock Units in Goodyear Tire & Rubber. These RSUs are part of the company’s outside directors’ equity plan and represent deferred stock-based compensation rather than an open-market share purchase.
How many Goodyear (GT) RSUs did Joseph Hinrichs receive and at what value?
Hinrichs received 25,605 Restricted Stock Units, each valued at the fair market value, defined as the closing market price of $7.03 on the transaction date. This valuation sets the reference amount for this equity compensation award to the director.
Are Joseph Hinrichs’ RSUs in GT payable in cash or stock?
The filing states the Restricted Stock Units are payable only in Common Stock of Goodyear Tire & Rubber. That means Hinrichs will ultimately receive company shares, not cash, when the RSUs convert at the specified future date.
Is this GT Form 4 transaction an open-market buy or a compensation grant?
This Form 4 reflects a grant/award acquisition of Restricted Stock Units under Goodyear’s Outside Directors’ Equity Participation Plan. It is compensation-related, not an open-market purchase or sale, and is recorded as a derivative-type acquisition of equity.