Goodyear (GT) awards performance and restricted stock units to tech chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber reported that Sr VP & Chief Technology Officer Christopher P. Helsel received new equity awards under the company’s 2022 Performance Plan. He was granted 55,045 Performance Share Units, which are contingently payable in common stock in February 2029 based on performance over a three-year period ending December 31, 2028. The eventual payout can range from 0% to 200% of the granted units and may be further adjusted up or down by up to 20% depending on Goodyear’s total shareholder return versus a peer group over that same period. Helsel also received 41,284 Restricted Stock Units that will vest and convert into common shares in 33% increments over three years, starting on March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Helsel Christopher P
Role
Sr VP & Chief Tech Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 55,045 | $0.00 | -- |
| Grant/Award | 2022 Plan Restricted Stock Units | 41,284 | $0.00 | -- |
Holdings After Transaction:
2022 Plan Performance Share Units — 55,045 shares (Direct);
2022 Plan Restricted Stock Units — 41,284 shares (Direct)
Footnotes (1)
- Performance Share Unit grant under the 2022 Performance Plan, contingently payable (to the extent earned) 100% in shares of common stock in February 2029. The number of Units paid, which can range from 0% to 200% of the Units reported on this Form 4, depends on the attainment of certain performance goals over a 3-year period ending December 31, 2028, and is subject to increase or decrease of up to 20% based on the Company's total shareholder return vs. a peer group over the 3-year period ending December 31, 2028. 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.
FAQ
What insider equity awards did GT executive Christopher Helsel receive?
Christopher Helsel received a grant of 55,045 Performance Share Units and 41,284 Restricted Stock Units under Goodyear’s 2022 Performance Plan. These awards are equity-based compensation that convert into Goodyear common stock over future performance and time-vesting periods.
When do Christopher Helsel’s Goodyear (GT) Restricted Stock Units vest?
Helsel’s 41,284 Restricted Stock Units vest in 33% increments over three years. Vesting and conversion into Goodyear common stock commence on March 1, 2027, providing a staggered schedule that links continued service to equity ownership over time.