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.
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.
Positive
- None.
Negative
- None.
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
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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