Goodyear (GT) awards performance and RSU grants to HR chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber reported that Senior VP & Chief HR Officer Nicole Gray received new equity awards under the 2022 Performance Plan. She was granted 59,633 Performance Share Units that are contingently payable in common stock in February 2029, based on performance over a three-year period ending December 31, 2028, with the payout ranging from 0% to 200% of the reported units and subject to an additional ±20% adjustment tied to total shareholder return versus a peer group. She also received 44,724 Restricted Stock Units that will vest and convert into common shares in three 33% installments starting on March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gray Nicole
Role
Senior VP & Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 59,633 | $0.00 | -- |
| Grant/Award | 2022 Plan Restricted Stock Units | 44,724 | $0.00 | -- |
Holdings After Transaction:
2022 Plan Performance Share Units — 59,633 shares (Direct);
2022 Plan Restricted Stock Units — 44,724 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 equity awards did Nicole Gray receive from GOODYEAR TIRE & RUBBER CO (GT)?
Nicole Gray received 59,633 Performance Share Units and 44,724 Restricted Stock Units under Goodyear’s 2022 Performance Plan. These awards are settled in common stock, subject to multi-year performance conditions and time-based vesting schedules defined in the plan.
When will Nicole Gray’s Goodyear Restricted Stock Units vest?
The 44,724 Restricted Stock Units will vest and convert into Goodyear common shares in 33% increments over three years. Vesting begins on March 1, 2027, with additional equal installments in subsequent years, subject to the terms of the 2022 Performance Plan.
What role does Nicole Gray hold at GOODYEAR TIRE & RUBBER CO (GT)?
Nicole Gray serves as Senior Vice President and Chief Human Resources Officer at Goodyear. The Form 4 shows her receiving Performance Share Units and Restricted Stock Units as part of the company’s 2022 Performance Plan for senior leadership compensation.
Are Nicole Gray’s new Goodyear equity awards direct or indirect holdings?
Both the Performance Share Units and Restricted Stock Units are reported as directly held by Nicole Gray. The Form 4 lists the ownership type for these derivative securities as direct, with no separate entity or indirect ownership structure disclosed in the filing.