SCHEDULE 13G/A: Dan Hagan Discloses 8.77% Passive Stake in Goodyear Tire & Rubber Company
Beneficial Ownership Disclosure
Individual investor Dan Hagan has filed an amended Schedule 13G, revealing a beneficial ownership of 8.77% in The Goodyear Tire & Rubber Company, totaling 25 million shares.
Summary
- Dan Hagan beneficially owns 25,000,000 shares of Common Stock in The Goodyear Tire & Rubber Company.
- This ownership represents 8.77% of the company's common stock, calculated based on 284,919,673 shares outstanding as of October 31, 2024.
- The shares beneficially owned include 5,000,000 shares held in a charitable trust for which Dan Hagan serves as the sole trustee.
- Dan Hagan holds sole voting power and sole dispositive power over all 25,000,000 shares.
- The filing certifies that the securities were not acquired and are not held for the purpose or effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the company's performance or outlook. The certification of passive intent indicates a neutral stance regarding corporate control.
Positives
- The disclosure of a significant beneficial ownership stake by an individual investor may be interpreted by some as a vote of confidence in the company's long-term prospects.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a standard disclosure of beneficial ownership and does not provide specific analysis related to broader industry trends or competitors within the tire and rubber manufacturing sector.
Related Party Transactions
- 5,000,000 shares are held in a charitable trust for which the reporting person, Dan Hagan, is the sole trustee.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant beneficial ownership stakes, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of event which requires filing of this statement |
| 10/31/2024 | Date as of which 284,919,673 shares of common stock were issued and outstanding, as reported in the Issuer's Form 10-Q |
| 11/05/2024 | Date the Issuer's Quarterly Report on Form 10-Q was filed with the SEC |
| 02/05/2025 | Signature date of the Schedule 13G Amendment No. 1 filing |
Keywords
Goodyear Tire & Rubber Company, Goodyear, GT, Beneficial Ownership, Schedule 13G, SEC Filing, Dan Hagan, Common Stock, Passive Investment
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