Form 4: Goodyear Director Laurette Koellner Reports Acquisition of Restricted Stock Units

Director Laurette Koellner reports acquisition of 19,048 restricted stock units (RSUs) of Goodyear Tire & Rubber Co.

Summary

• On April 14, 2025, Laurette T Koellner, a director of Goodyear Tire & Rubber Co., acquired 19,048 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.
• The RSUs were valued at $9.45 each, based on 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.
• Following the reported transaction, Koellner beneficially owns a total of 120,738 RSUs.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to director compensation. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The Outside Directors' Equity Participation Plan aligns the interests of directors with those of shareholders.

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

Director compensation in the form of stock and options is a common practice in publicly traded companies to align management's interests with those of shareholders. This Form 4 filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies, including Goodyear's peers such as Michelin and Bridgestone.
• The vesting schedules and valuation methods for RSUs are generally consistent across the industry, with fair market value on the grant date being a standard approach.
• The number of RSUs granted to directors varies depending on the company's size, performance, and compensation policies.

Stakeholder Impact

• The acquisition of RSUs by a director aligns their interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates

Keywords

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