Goodyear grants performance and stock units to exec
Goodyear Tire & Rubber granted President, Asia Pacific Nathaniel Madarang long-term equity awards under its 2022 Performance Plan.
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Rhea-AI Filing Summary
Goodyear Tire & Rubber granted President, Asia Pacific Nathaniel Madarang long-term equity awards under its 2022 Performance Plan. He acquired 55,045 Performance Share Units that may pay out in shares of common stock in February 2029, depending on performance over a three-year period ending December 31, 2028, with potential outcomes from 0% to 200% of the target amount and an additional adjustment of up to 20% based on total shareholder return versus a peer group.
He also received 41,284 Restricted Stock Units, which will vest and convert into common shares in three equal 33% installments over three years, beginning on March 1, 2027. Both awards are characterized as grants or awards, not open-market purchases, and are held as direct ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 55,045 | $0.00 | $0.00 |
| Grant/Award | 2022 Plan Restricted Stock Units | 41,284 | $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
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What equity awards did Goodyear (GT) grant to Nathaniel Madarang?
When will Nathaniel Madarang’s Goodyear (GT) RSUs vest?
Does Nathaniel Madarang hold his Goodyear (GT) equity awards directly or indirectly?
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