[Form 4] GOODYEAR TIRE & RUBBER CO /OH/ Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GOODYEAR TIRE & RUBBER CO /OH/ director and CEO & President Mark Stewart reported receiving new equity awards under the 2022 Performance Plan. He was granted 481,651 Performance Share Units, which are contingently payable in common stock in February 2029 based on performance through December 31, 2028 and may pay out between 0% and 200% of this amount, with a further adjustment of up to 20% tied to the company’s total shareholder return versus a peer group.
He also received 361,238 Restricted Stock Units that will vest and convert into shares of common stock in 33% increments over three years, commencing on March 1, 2027. These awards represent stock-based compensation rather than open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stewart Mark Wynn
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 481,651 | $0.00 | -- |
| Grant/Award | 2022 Plan Restricted Stock Units | 361,238 | $0.00 | -- |
Holdings After Transaction:
2022 Plan Performance Share Units — 481,651 shares (Direct);
2022 Plan Restricted Stock Units — 361,238 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.