Goodyear (GT) awards performance and restricted stock units to SVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber reported that senior vice president Don Metzelaar received equity awards under the 2022 Performance Plan. He was granted 41,284 Performance Share Units that are contingently payable 100% in common stock in February 2029. The final number of shares can range from 0% to 200% of this amount based on performance through December 31, 2028, and may increase or decrease up to 20% depending on total shareholder return versus a peer group over the same period. He also received 30,963 Restricted Stock Units that will vest and convert into common shares in 33% increments over three years commencing on March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Metzelaar Don
Role
Sr VP Global Mfg Supply Chain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 41,284 | $0.00 | -- |
| Grant/Award | 2022 Plan Restricted Stock Units | 30,963 | $0.00 | -- |
Holdings After Transaction:
2022 Plan Performance Share Units — 41,284 shares (Direct);
2022 Plan Restricted Stock Units — 30,963 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 transactions did Goodyear (GT) disclose for Don Metzelaar?
Goodyear disclosed that Sr VP Don Metzelaar received grants of 41,284 Performance Share Units and 30,963 Restricted Stock Units under its 2022 Performance Plan, both awarded at a price of $0.00 per unit as equity-based compensation.
What are the vesting terms of Don Metzelaar’s Restricted Stock Units at Goodyear (GT)?
The 30,963 Restricted Stock Units will vest and convert into Goodyear common shares in 33% increments over three years. Vesting begins on March 1, 2027, meaning one-third vests each year across the three-year schedule.
Are Don Metzelaar’s Goodyear (GT) equity awards performance-based?
His Performance Share Units are fully performance-based, with payouts from 0% to 200% plus a potential ±20% total shareholder return modifier. The Restricted Stock Units are time-based, vesting in equal 33% increments over three years starting March 1, 2027.