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

Director Norma Clayton reports the acquisition of 4,295 Restricted Stock Units (RSUs) in Goodyear Tire & Rubber Co.

Summary

• On April 1, 2025, Norma Clayton, a director at Goodyear Tire & Rubber Co., acquired 4,295 Restricted Stock Units (RSUs).
• These RSUs were accrued to the Retainer Deferral Account as per the company's Outside Directors' Equity Participation Plan.
• Each RSU is valued at the closing market price on the transaction date, which was $8.94.
• 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 this statement, the total RSUs accrued to the Retainer Deferral Account of the reporting person is 26,355.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholder value.

Positives

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

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 equity grants are a common practice in publicly traded companies to align the interests of directors with those of shareholders. This Form 4 filing provides transparency into the equity holdings of Goodyear's directors.

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 for their directors.
• The specific amount and vesting schedules can vary based on company size, performance, and industry norms.

Stakeholder Impact

• Shareholders may view the director's acquisition of RSUs positively, as it aligns their interests with the company's long-term success.

Key Dates

Keywords

Restricted Stock Units, RSUs, Director, Goodyear, Norma Clayton, Equity Participation Plan, Beneficial Ownership, Form 4