Form 4: Goodyear Director Hera K Siu Reports Acquisition of Restricted Stock Units

Director Hera K Siu reports the acquisition of 19,048 Restricted Stock Units (RSUs) of Goodyear Tire & Rubber Co. on April 14, 2025, under the company's equity participation plan.

Summary

• On April 14, 2025, Hera K Siu, a director of Goodyear Tire & Rubber Co., acquired 9,524 Restricted Stock Units (RSUs) under the company's Outside Directors' Equity Participation Plan, which were added to the Restricted Stock Unit Deferral Account.
• These RSUs are equivalent to shares of Common Stock and are payable only in Common Stock.
• Each RSU was valued at $9.45, the closing market price on the transaction date.
• These RSUs will be converted to common stock on the fifth business day of the calendar quarter following the director's separation from Board service.
• Additionally, Hera K Siu acquired another 9,524 RSUs under the same plan, which were added to the Equity Participation Account.
• These RSUs will vest and be converted to a share of Common Stock on the earlier of the first anniversary of the grant date or the next annual meeting.
• Following these transactions, Siu directly owns 81,908 RSUs in the Restricted Stock Unit Deferral Account and 91,432 RSUs in the Equity Participation Account.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports a standard transaction of RSU grants to a director. It doesn't contain overtly positive or negative information.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs added to the Restricted Stock Unit Deferral Account will be converted to common stock on the fifth business day of the calendar quarter following the director's separation from Board service. The RSUs added to the Equity Participation Account will vest and be converted to a share of Common Stock on the earlier of the first anniversary of the grant date or the next annual meeting.

Industry Context

Director ownership changes are routinely monitored by investors as they can provide insights into management's confidence in the company's prospects. RSU grants are a common form of executive compensation in the tire and rubber industry, aligning director interests with shareholder value.

Comparison to Industry Standards

• Comparing Goodyear's director compensation structure with peers like Michelin or Bridgestone would provide a benchmark for assessing the competitiveness and alignment of executive incentives.
• Reviewing similar Form 4 filings from directors at these companies can offer insights into industry norms for equity-based compensation.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment, reflecting confidence in the company's future.

Key Dates

Keywords

Restricted Stock Units, Director, Goodyear Tire & Rubber Co, RSU, Equity Participation Plan, Beneficial Ownership, Form 4