Goodyear (GT) grants 2022 plan performance and restricted units to CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber reported that EVP & Chief Financial Officer Christina L. Zamarro acquired equity awards under the 2022 Performance Plan. She received 174,311 Performance Share Units, which are contingently payable 100% in common stock in February 2029 based on performance over a three-year period ending December 31, 2028, with the final payout ranging from 0% to 200% of the reported units and subject to a further ±20% adjustment tied to the company’s total shareholder return versus a peer group over the same period. She also received 130,733 Restricted Stock Units, which 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
Zamarro Christina L
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 174,311 | $0.00 | -- |
| Grant/Award | 2022 Plan Restricted Stock Units | 130,733 | $0.00 | -- |
Holdings After Transaction:
2022 Plan Performance Share Units — 174,311 shares (Direct);
2022 Plan Restricted Stock Units — 130,733 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 did Goodyear (GT) disclose about Christina L. Zamarro in this Form 4?
Goodyear disclosed that EVP & Chief Financial Officer Christina L. Zamarro received equity-based compensation awards. These include Performance Share Units and Restricted Stock Units granted under the 2022 Performance Plan, increasing her direct equity-linked interests in Goodyear common stock subject to multi-year performance and service-based conditions.
What Restricted Stock Units did Goodyear (GT) award to its CFO?
Goodyear awarded 130,733 Restricted Stock Units to the CFO under the 2022 Performance Plan. These RSUs will vest and convert into shares of common stock in 33% increments over three years, with vesting commencing on March 1, 2027, reflecting service-based vesting conditions.