Form 4: Goodyear EVP & CFO Christina Zamarro Reports Stock Transactions
SEC Form 4 Filing
Christina Zamarro, EVP & CFO of Goodyear Tire & Rubber Co, reports the vesting and conversion of restricted stock units and related transactions.
Summary
- Christina L. Zamarro, the EVP & Chief Financial Officer of Goodyear Tire & Rubber Co, filed a Form 4 with the SEC.
- The report details transactions involving common stock and restricted stock units (RSUs).
- On February 28, 2025, 8,715 RSUs from the 2017 Plan vested and converted into common stock.
- Also on February 28, 2025, 3,953 shares were withheld by the issuer for the payment of withholding taxes at a price of $9.45 per share.
- On March 1, 2025, 28,366 RSUs from the 2022 Plan vested and converted into common stock.
- Additionally on March 1, 2025, 10,931 shares were withheld for taxes at $9.45 per share.
- Following these transactions, Zamarro directly owns 55,137 shares of common stock.
- Zamarro also indirectly owns 550 shares through the 401(k) Plan and 56,731 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and stock-based awards.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 12/20/22 | Date of Power of Attorney granted to Daniel T Young. |
| 02/28/2022 | Date of grant for 2017 Plan Restricted Stock Units. |
| 02/28/2025 | Vesting and conversion of 8,715 Restricted Stock Units from 2017 Plan; shares withheld for taxes. |
| 03/01/2025 | Vesting and conversion of 28,366 Restricted Stock Units from 2022 Plan; shares withheld for taxes. |
| 03/04/2025 | Date of Form 4 filing. |
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