Goodyear legal chief awarded PSUs and RSUs
Goodyear Tire & Rubber reported equity awards to Sr VP and Chief Legal Officer David Emmitt Phillips under its 2022 Performance Plan.
Rhea-AI Filing Summary
Goodyear Tire & Rubber reported equity awards to Sr VP and Chief Legal Officer David Emmitt Phillips under its 2022 Performance Plan. He received 87,155 Performance Share Units that may pay out in February 2029 in common stock, depending on performance over a three-year period ending December 31, 2028, with payout ranging from 0% to 200% and subject to an additional adjustment of up to 20% based on total shareholder return versus a peer group. He also received 65,366 Restricted Stock Units that will vest and convert into common shares in three equal 33% installments over three years starting March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 87,155 | $0.00 | $0.00 |
| Grant/Award | 2022 Plan Restricted Stock Units | 65,366 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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 GT’s David Emmitt Phillips report on this Form 4?
What are the vesting terms for the 65,366 Restricted Stock Units granted by GT?
Is the GT Form 4 transaction a stock purchase or option exercise by David Phillips?
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