Form 4: Goodyear Director Norma Clayton Reports Acquisition of Restricted Stock Units

Director Norma Clayton reported the acquisition of 12,186 Restricted Stock Units (RSUs) of Goodyear Tire & Rubber Co. on April 8, 2024.

Summary

• On April 8, 2024, Norma Clayton, a director of Goodyear Tire & Rubber Co., acquired 12,186 Restricted Stock Units (RSUs).
• These RSUs were awarded pursuant to the company's Outside Directors' Equity Participation Plan.
• Each RSU is equivalent to one share of Goodyear's common stock and is payable only in common stock.
• The RSUs were valued at $13.13 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, Clayton beneficially owns 32,439 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with shareholders.

Future Outlook

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

Industry Context

This is a routine disclosure related to director compensation in the form of equity, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders by providing equity-based compensation.

Key Dates