Goodyear (GT) director Norma Clayton receives 25,605 deferred RSUs as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLAYTON NORMA reported acquisition or exercise transactions in this Form 4 filing.
Goodyear Tire & Rubber Company director Norma Clayton received an equity grant of 25,605 Restricted Stock Units (RSUs) as board compensation. Each RSU is equivalent to one share of common stock and was valued at $7.03 per unit on the grant date.
The RSUs were awarded under Goodyear’s Outside Directors' Equity Participation Plan and credited to her Restricted Stock Unit Deferral Account. These RSUs will be settled in common stock on the fifth business day of the calendar quarter following the quarter in which she separates from board service. After this grant, her deferred equity accounts reflect a total of 112,221 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CLAYTON NORMA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 25,605 | $7.03 | $180K |
Holdings After Transaction:
Restricted Stock Units — 112,221 shares (Direct)
Footnotes (1)
- Restricted Stock Units ("RSU"), each equivalent to a share of the Common Stock of the Company and payable only in Common Stock, awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended (the "Plan"), and accrued to the Restricted Stock Unit Deferral Account of the reporting person in accordance with the 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 units accrued to the deferred equity accounts of the reporting person as of the date of this statement.
Key Figures
RSUs granted: 25,605 units
Grant valuation price: $7.03 per unit
Total deferred RSUs after grant: 112,221 units
3 metrics
RSUs granted
25,605 units
Restricted Stock Units awarded on transaction date
Grant valuation price
$7.03 per unit
Fair market value (closing price) on transaction date
Total deferred RSUs after grant
112,221 units
Total units in deferred equity accounts as of this filing
Key Terms
Restricted Stock Units, Outside Directors' Equity Participation Plan, Restricted Stock Unit Deferral Account, fair market value
4 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSU"), each equivalent to a share of the Common Stock"
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.
Outside Directors' Equity Participation Plan financial
"awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended"
Restricted Stock Unit Deferral Account financial
"accrued to the Restricted Stock Unit Deferral Account of the reporting person"
fair market value financial
"Each RSU was valued at the fair market value (the closing market price)"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
What did Norma Clayton report in the latest Form 4 for GT?
Norma Clayton reported receiving a grant of 25,605 Restricted Stock Units from Goodyear Tire & Rubber. Each RSU equals one common share and represents non-cash director compensation credited to her deferred equity account under the company’s Outside Directors' Equity Participation Plan.
At what value were Norma Clayton’s new Goodyear RSUs recorded?
The new RSUs were recorded at $7.03 per unit, equal to Goodyear’s closing market price on the grant date. This valuation establishes the accounting value of the equity award, though the actual future value will depend on Goodyear’s share price at settlement.
How many Goodyear deferred RSUs does Norma Clayton now hold?
Following this grant, Norma Clayton’s deferred equity accounts reflect a total of 112,221 Restricted Stock Units. Each unit is equivalent to one Goodyear common share and will ultimately be paid in stock after her separation from the company’s board of directors.
When will Norma Clayton’s Goodyear RSUs convert into common stock?
The RSUs will convert into Goodyear common stock on the fifth business day of the calendar quarter following the quarter in which she leaves the board. This delayed settlement structure aligns director compensation with longer-term shareholder outcomes over her board tenure.