Goodyear exec vests 12,775 RSUs, withholds shares
Goodyear’s EMEA Managing Director and CSO had RSUs vest into common shares, with a portion withheld to cover taxes and no 10b5-1 trading plan indicated.
Rhea-AI Filing Summary
GOODYEAR TIRE & RUBBER CO (GT) reported that officer Jan-Piet van Kesteren exercised Restricted Stock Units on September 1, 2026. One-third of the 2022 Plan RSUs granted September 1, 2025 vested and converted into 12,775 shares of common stock, and 6,324 shares were withheld by the issuer to pay withholding taxes. Following the vesting, 25,550 RSUs from this award remain outstanding. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,775 shares exercised/converted
Exercise
3 txns
Insider
van Kesteren Jan-Piet
Role
Man. Dir. EMEA & CSO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Plan Restricted Stock Units F2 | 12,775 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,775 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 6,324 | $5.99 | $38K |
Holdings After Transaction:
2022 Plan Restricted Stock Units — 25,550 contracts (Direct);
Common Stock — 6,451 shares (Direct)
Footnotes (2)
- F1. Shares of common stock withheld by the issuer for the payment of withholding taxes.
- F2. This Form 4 reports the vesting and conversion of one-third of the Restricted Stock Units ("RSUs") granted September 1, 2025.
Key Figures
RSUs converted to common stock: 12,775 shares
Shares withheld for taxes: 6,324 shares
Tax withholding price per share: $5.99 per share
+2 more
5 metrics
RSUs converted to common stock
12,775 shares
One-third of RSUs granted September 1, 2025 vested and converted on September 1, 2026
Shares withheld for taxes
6,324 shares
Common stock withheld by issuer for payment of withholding taxes
Tax withholding price per share
$5.99 per share
Price applied to 6,324 shares withheld for tax obligations
RSUs remaining from award
25,550 units
Total RSUs reported as held after vesting and conversion of one-third of the award
RSU shares acquired as common stock
12,775 shares
Common stock position acquired from RSU vesting on September 1, 2026
Key Terms
Restricted Stock Units, withholding taxes, vesting
3 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSUs") granted September 1, 2025"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding taxes financial
"Shares of common stock withheld by the issuer for the payment of withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
vesting financial
"reports the vesting and conversion of one-third of the Restricted Stock Units"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did GT disclose about Jan-Piet van Kesteren’s Form 4 transactions on September 1, 2026?
GT reported that Jan-Piet van Kesteren had 12,775 RSUs vest and convert into common stock on September 1, 2026, under a 2022 RSU grant dated September 1, 2025, with part of the resulting shares withheld to satisfy tax obligations.
How many Goodyear (GT) RSUs vested and converted into common stock in this Form 4?
One-third of Jan-Piet van Kesteren’s RSU grant vested, resulting in 12,775 shares of GT common stock being issued upon conversion of the Restricted Stock Units granted on September 1, 2025.
How many Restricted Stock Units remain after the reported GT RSU vesting?
After the vesting and conversion of one-third of the RSUs, 25,550 Restricted Stock Units under the 2022 plan award remain outstanding and unconverted for Jan-Piet van Kesteren.
Was the GT Form 4 transaction by Jan-Piet van Kesteren under a Rule 10b5-1 plan?
No. The filing indicates that the Rule 10b5-1 plan checkbox is not selected, so the reported RSU vesting and related share withholding were not reported as being made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
