Form 4: Goodyear Director Jason J. Winkler Reports Acquisition of Restricted Stock Units

Director Jason J. Winkler reports acquisition of 14,920 Restricted Stock Units (RSUs) of Goodyear Tire & Rubber Co.

Summary

• On May 15, 2025, Jason J. Winkler, a director of Goodyear Tire & Rubber Co., acquired 14,920 Restricted Stock Units (RSUs).
• These RSUs are equivalent to shares of Goodyear's common stock and were awarded under the company's Outside Directors' Equity Participation Plan.
• Each RSU was valued at $11.04, the closing market price on the transaction date.
• The RSUs will convert to common stock on the fifth business day of the calendar quarter following the director's separation from Board service.
• As of the date of the report, Winkler directly owns 14,920 RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard equity compensation practices. It indicates alignment of director interests with shareholders, which is generally viewed favorably.

Positives

• The acquisition of RSUs aligns the director's interests with those of the shareholders.
• The Outside Directors' Equity Participation Plan incentivizes directors to contribute to the company's long-term success.

Future Outlook

The RSUs will be converted to common stock on the fifth business day of the calendar quarter following the director's separation from Board service.

Industry Context

This filing is a routine disclosure of equity compensation for a company director, which is a common practice in publicly traded companies to align management's interests with shareholders'.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across publicly traded companies.
• Companies like Bridgestone and Michelin also utilize equity-based compensation to align director and shareholder interests.
• The specific terms of Goodyear's Outside Directors' Equity Participation Plan, such as vesting schedules and conversion rates, would need to be compared to those of similar companies to assess its competitiveness.

Stakeholder Impact

• The acquisition of RSUs by a director can positively impact shareholders by aligning management's interests with the company's long-term performance.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Restricted Stock Units, Director, Goodyear, RSU, Equity Participation Plan, Beneficial Ownership, Form 4