Form 4: Goodyear Director Norma Clayton Acquires 3,635 Restricted Stock Units

Goodyear Tire & Rubber Co. Director Norma Clayton acquired 3,635 Restricted Stock Units (RSUs) valued at $10.66 each on July 1, 2025, as part of her compensation plan.

Summary

• Norma Clayton, a Director of Goodyear Tire & Rubber Co. (GT), acquired 3,635 Restricted Stock Units (RSUs).
• The transaction occurred on July 1, 2025.
• Each RSU was valued at $10.66, which was the fair market value (closing market price) on the transaction date.
• These RSUs were accrued to her Retainer Deferral Account under the Company's Outside Director's Equity Participation Plan.
• Following this transaction, Norma Clayton beneficially owns a total of 29,990 RSUs in her Retainer Deferral Account.
• Each RSU will convert into one share of Common Stock on the fifth business day of the calendar quarter following her separation from Board service.

Sentiment

Score: 7

Explanation: The acquisition of RSUs by a director, even as part of a compensation plan, generally indicates alignment of interests with shareholders and is a positive signal for corporate governance. It's a routine, expected event, so not extremely positive, but certainly not negative.

Positives

• Director Norma Clayton's acquisition of 3,635 Restricted Stock Units aligns her interests with shareholders.
• The transaction is part of a pre-existing Outside Director's Equity Participation Plan, indicating a structured compensation approach.

Future Outlook

Each Restricted Stock Unit (RSU) will be converted to a share of Common Stock on the fifth business day of the calendar quarter following the Director's separation from Board service.

Industry Context

This Form 4 filing is a routine disclosure of insider stock ownership changes, specifically related to director compensation. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• This is a standard Form 4 filing for director compensation, which is a common practice across publicly traded companies to align director interests with shareholders.
• The specific value and number of RSUs are determined by Goodyear's compensation policies, which are typically benchmarked against peer companies in the automotive and tire manufacturing sectors, though no specific peer comparisons are provided in this document.

Corporate Governance

Stakeholder Impact

• Shareholders: Director's equity acquisition aligns interests with shareholder value.

Next Steps

• Conversion of Restricted Stock Units to Common Stock shares upon Director Norma Clayton's separation from Board service.

Key Dates

Keywords

Goodyear Tire & Rubber Co, GT, SEC Form 4, Restricted Stock Units, RSUs, Insider Trading, Director Compensation, Equity Participation Plan, Norma Clayton