Goodyear (GT) legal chief converts 20,901 units, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber’s senior vice president and chief legal officer, David E. Phillips, converted performance share units into common stock and had shares withheld to cover taxes.
On 02/02/2026, 20,901 performance share units from a 2022 plan were exercised at $0 and paid entirely in common stock, raising his direct holdings to 41,797 shares. Also on 02/02/2026, 10,164 common shares were withheld by the company at $9.33 per share for tax obligations, resulting in 31,633 common shares held directly by Phillips after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,901 shares exercised/converted
Mixed
3 txns
Insider
Phillips David Emmitt
Role
Sr VP and Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Plan Performance Share Units | 20,901 | $0.00 | -- |
| Exercise | Common Stock | 20,901 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,164 | $9.33 | $95K |
Holdings After Transaction:
2022 Plan Performance Share Units — 0 shares (Direct);
Common Stock — 41,797 shares (Direct)
Footnotes (1)
- Shares of common stock withheld by the issuer for the payment of withholding taxes. This Form 4 reports the conversion of 96% of the base number of units granted, payable 100% in common stock.
FAQ
What insider transaction did GT executive David E. Phillips report?
David E. Phillips reported converting performance share units into Goodyear common stock and a related tax withholding transaction. On 02/02/2026, 20,901 performance share units from a 2022 plan became shares, and 10,164 of those shares were withheld by the issuer to pay withholding taxes.
What do transaction codes M and F mean in this GT insider filing?
In this filing, code M indicates the exercise or conversion of derivative securities, specifically 20,901 performance share units into common stock at $0. Code F reflects 10,164 common shares withheld by the issuer at $9.33 per share to satisfy tax withholding obligations associated with the award.
What role does David E. Phillips hold at Goodyear (GT) in this Form 4?
David E. Phillips is identified as Goodyear’s Sr VP and Chief Legal Officer. The Form 4 shows that these equity transactions relate to his compensation, involving 2022 Plan Performance Share Units converting into common stock and share withholding to cover associated tax obligations on 02/02/2026.