Form 4: Goodyear Director Roger Wood Acquires Restricted Stock Units

Director Roger Wood acquired 12,186 Restricted Stock Units (RSUs) of Goodyear Tire & Rubber Co. on April 8, 2024.

Summary

• On April 8, 2024, Roger Wood, a director at Goodyear Tire & Rubber Co., acquired 12,186 Restricted Stock Units (RSUs).
• These RSUs were awarded under the company's Outside Directors' Equity Participation Plan.
• Each RSU is equivalent to one share of Goodyear's common stock and will be converted upon the director's separation from Board service.
• The RSUs were valued at $13.13 each, based on the closing market price on the transaction date.
• Following the transaction, Wood holds a total of 19,507 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of director equity compensation, which is generally viewed positively as it aligns management interests with shareholders.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

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

Industry Context

Director equity participation is a common practice to align the interests of company leadership with those of shareholders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the alignment of director and shareholder interests.

Key Dates