STOCK TITAN

Goodyear (GT) director Michael Wessel granted 25,605 Restricted Stock Units

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
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 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)
  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.
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
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.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wessel Michael

(Last)(First)(Middle)
200 INNOVATION WAY

(Street)
AKRON OHIO 44316

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GOODYEAR TIRE & RUBBER CO /OH/ [ GT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)(2)04/13/2026A25,605 (2) (2)Common Stock25,605$7.0325,605D
Explanation of Responses:
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").
2. 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.
Remarks:
/s/ Daniel T Young, signing as an attorney-in-fact and agent duly authorized to execute this Form 4 on behalf of Michael Wessel pursuant to a Power of Attorney dated 10/7/19, a copy of which has been previously filed with the SEC.04/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

When will Michael Wessel’s Goodyear (GT) RSUs convert into shares?

The RSUs will convert into Goodyear Common Stock on the earlier of one year from the grant date and the date of the 2027 annual meeting. At that time, each RSU becomes one share, turning the deferred equity grant into actual stock ownership.

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.