GT Form 4: Norma Clayton adds 5,139 RSUs; total 35,129 owned
Rhea-AI Filing Summary
Norma Clayton, a director of Goodyear Tire & Rubber Co. (GT), reported on Form 4 that 5,139 restricted stock units (RSUs) were credited to her Retainer Deferral Account on 10/01/2025. Each RSU was valued at the closing market price on that date of $7.54. After the transaction, the filing shows 35,129 shares (RSUs) beneficially owned. The RSUs will convert to common shares on the fifth business day of the calendar quarter following the director's separation from board service. The Form 4 was executed by an attorney-in-fact on behalf of Ms. Clayton and dated 10/03/2025.
Positive
- 5,139 RSUs credited to the director under the Outside Director Equity Participation Plan, reflecting continued alignment of director compensation with shareholder outcomes
- RSUs valued at $7.54 each using the closing market price on the transaction date, providing clear price basis
Negative
- 35,129 total RSUs beneficially owned by the director may convert to common stock in future, representing potential future dilution
Insights
Director deferred compensation recorded as RSUs; 5,139 units added.
The filing documents a routine non‑derivative award under the Company’s Outside Director Equity Participation Plan: 5,139 RSUs were accrued to the reporting person’s Retainer Deferral Account on 10/01/2025, each valued at $7.54 on that date.
This structure defers cash/stock compensation until conversion rules are met; the RSUs convert to common stock on the fifth business day of the quarter after a director leaves board service, which affects the timing of actual share issuance but does not immediately dilute outstanding shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,139 | $7.54 | $39K |
Footnotes (1)
- RSUs accrued, pursuant to an election by the reporting person, to the Retainer Deferral Account of the reporting person in accordance with the Company's Outside Director's Equity Participation Plan. Each RSU was valued at the fair market value (the closing market price) on the Transaction Date. Each RSU will be converted to a share of Common Stock on the fifth business day of the calendar quarter following the quarter of the Director's separation from Board service. Total RSUs accrued to the Retainer Deferral Account of the reporting person as of the date of this statement.