Form 4: Goodyear CEO's RSU Vesting and Tax Withholding

Goodyear CEO Mark Stewart reported the vesting of Restricted Stock Units and subsequent tax-related share disposition on March 1, 2026.

Summary

• Mark Stewart, CEO & President and Director of Goodyear Tire & Rubber Co. (GT), reported transactions on March 1, 2026.
• He acquired 183,458 shares of common stock through the conversion of Restricted Stock Units (RSUs) at a price of $0.
• This acquisition resulted from the vesting of 107,252 RSUs granted on February 24, 2025, and 76,206 RSUs granted on February 26, 2024, each representing one-third of their respective grants.
• Following these acquisitions, his beneficial ownership of common stock was 639,587 shares.
• Concurrently, 84,575 shares of common stock were disposed of at a price of $8.25 to cover withholding taxes related to the RSU vesting.
• After all reported transactions, his direct beneficial ownership of common stock stands at 555,012 shares, and he holds 214,504 and 76,206 derivative RSUs from the 2022 Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine executive compensation transaction involving RSU vesting and tax withholding, with no immediate positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of Restricted Stock Units indicates the achievement of performance or time-based conditions, aligning management incentives with shareholder interests.
• The acquisition of 183,458 shares of common stock at a $0 exercise price represents a significant increase in direct equity ownership for the CEO, net of tax withholding.

Negatives

• The disposition of 84,575 shares to cover withholding taxes reduces the CEO's net share accumulation from the RSU vesting.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that RSU vesting and subsequent tax-related share dispositions are standard practices in executive compensation across various industries, including the automotive and tire manufacturing sector. These transactions reflect the pre-determined compensation structure rather than discretionary trading.

Comparison to Industry Standards

• These RSU vesting and tax withholding transactions are standard executive compensation practices, comparable to those observed at peer companies in the automotive and tire industry such as Michelin, Bridgestone, and Continental AG.
• The structure aligns executive incentives with long-term company performance, a common benchmark in global corporate governance.

Related Party Transactions

• The reported transactions involve the CEO, Mark Stewart, and Goodyear Tire & Rubber Co., which constitutes a related party transaction as part of executive compensation.

Stakeholder Impact

• Shareholders: The vesting and conversion of RSUs align the CEO's interests with long-term shareholder value, though the tax-related sale slightly dilutes the net increase in direct ownership.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders.

Key Dates

Keywords

Goodyear, GT, Mark Stewart, CEO, Restricted Stock Units, RSU vesting, insider transaction, Form 4, equity compensation, tax withholding