Form 4: Goodyear Director Werner Geissler Acquires 19,048 Restricted Stock Units

Director Werner Geissler acquired 19,048 Restricted Stock Units (RSUs) of Goodyear Tire & Rubber Co. on April 14, 2025, under the company's equity participation plan.

Summary

• On April 14, 2025, Werner Geissler, a director of Goodyear Tire & Rubber Co., acquired 19,048 Restricted Stock Units (RSUs).
• The 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 payable only in common stock.
• The value of each RSU was $9.45, based on the closing market price on the transaction date.
• The RSUs will vest and convert to common stock on the earlier of the first anniversary of the grant date or the next annual meeting.
• Following the transaction, Geissler beneficially owns 153,636 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The acquisition of RSUs by a director is generally viewed positively as it aligns their interests with shareholders.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.
• The equity participation plan aligns the interests of outside directors with those of shareholders.

Future Outlook

The RSUs will vest and be converted to a share of Common Stock on the earlier of the first anniversary of the grant date or the next annual meeting.

Industry Context

Director compensation through equity grants is a common practice in the industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across comparable companies in the tire and rubber industry.
• The vesting schedule of the RSUs (earlier of one year or next annual meeting) is fairly typical for director equity grants.
• The value of the grant is in line with industry norms for director compensation at companies of Goodyear's size.

Stakeholder Impact

• The acquisition of RSUs by a director can positively influence shareholder sentiment.
• The equity participation plan aligns the interests of the director with those of the shareholders.

Key Dates

Keywords

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