Goodyear (GT) director Michael Wessel granted 25,605 Restricted Stock Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber director Michael Wessel received a stock-based compensation grant. He was awarded 25,605 Restricted Stock Units (RSUs) on Common Stock, each valued at $7.03 based on the closing market price on the grant date.
The RSUs are payable only in Goodyear Common Stock and were granted under the company’s Outside Directors' Equity Participation Plan. Each RSU will convert into one share of Common Stock on the earlier of one year from the grant date or the date of the 2027 annual meeting. After this award, Wessel holds 25,605 RSUs directly from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wessel Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 25,605 | $7.03 | $180K |
Holdings After Transaction:
Restricted Stock Units — 25,605 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"). 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 earlier of one year from the date of grant and the date of the 2027 annual meeting.
Key Figures
RSUs granted: 25,605 units
Grant date fair value: $7.03 per unit
Underlying shares: 25,605 shares
+1 more
4 metrics
RSUs granted
25,605 units
Restricted Stock Units awarded to director Michael Wessel
Grant date fair value
$7.03 per unit
Each RSU valued at closing market price on transaction date
Underlying shares
25,605 shares
Each RSU equivalent to one share of Common Stock
Exercise price
$0.00
RSUs have no cash exercise price
Key Terms
Restricted Stock Units, Outside Directors' Equity Participation Plan, fair market value, closing market price, +1 more
5 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"
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.
closing market price financial
"fair market value (the closing market price) on the Transaction Date"
annual meeting financial
"converted to a share of Common Stock on the earlier of one year from the date of grant and the date of the 2027 annual meeting"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transaction did Goodyear (GT) director Michael Wessel report?
Director Michael Wessel reported receiving a grant of 25,605 Restricted Stock Units. These RSUs are a form of stock-based compensation that will convert into Goodyear Common Stock at a future date, rather than an open-market share purchase or sale.
How many Goodyear (GT) Restricted Stock Units did Michael Wessel receive?
Michael Wessel received 25,605 Restricted Stock Units tied to Goodyear’s Common Stock. Each unit represents the right to receive one share, providing equity-based compensation that aligns director interests with shareholders through future stock ownership rather than immediate cash.
At what price were Michael Wessel’s Goodyear (GT) RSUs valued?
Each of Michael Wessel’s 25,605 Restricted Stock Units was valued at $7.03. This value equals the fair market value, defined as the closing market price of Goodyear’s Common Stock on the transaction date when the award was granted under the company’s director equity plan.
Are Michael Wessel’s Goodyear (GT) RSUs paid in cash or stock?
The Restricted Stock Units are payable only in Goodyear Common Stock, not cash. This means Wessel’s compensation from this award will be delivered entirely in shares, directly linking the value of the grant to Goodyear’s future stock performance over time.