Goodyear Tire & Rubber (GT) grants PSUs and RSUs to senior VP
Rhea-AI Filing Summary
Goodyear Tire & Rubber reported equity awards to Senior VP, Global Commercial, Gregory Boucharlat. He was granted 36,697 Performance Share Units under the 2022 Performance Plan, contingently payable 100% in common stock in February 2029 based on performance over a three-year period ending December 31, 2028.
The number of Performance Share Units ultimately paid can range from 0% to 200% of the reported units and may be adjusted by up to 20% depending on total shareholder return versus a peer group. He also received 27,522 Restricted Stock Units under the same plan, which will vest and convert into common shares in 33% increments over three years commencing on March 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boucharlat Gregory
Role
Senior VP, Global Commercial
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2022 Plan Performance Share Units | 36,697 | $0.00 | $0.00 |
| Grant/Award | 2022 Plan Restricted Stock Units | 27,522 | $0.00 | $0.00 |
Holdings After Transaction:
2022 Plan Performance Share Units — 36,697 shares (Direct);
2022 Plan Restricted Stock Units — 27,522 shares (Direct)
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.
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FAQ
What insider equity awards did GT report for Gregory Boucharlat?
The filing reports equity awards to Gregory Boucharlat, Senior VP, Global Commercial. He received 36,697 Performance Share Units and 27,522 Restricted Stock Units under Goodyear’s 2022 Performance Plan, both settling in common stock if vesting and performance conditions are met.
What are the vesting terms for Boucharlat’s GT Restricted Stock Units?
The Restricted Stock Units granted under the 2022 Performance Plan will vest and convert into Goodyear common shares in 33% increments over three years. Vesting commences on March 1, 2027, resulting in three annual conversion dates if service-based vesting conditions are satisfied.