Form 4: Goodyear Executive Converts Performance Units
Insider Transaction Report
Goodyear's SR VP & Chief Communications Officer, Laura P Duda, converted performance share units into common stock and subsequently had shares withheld for tax obligations.
Summary
- Laura P Duda, SR VP & Chief Communications Officer of Goodyear Tire & Rubber Co, acquired 10,047 shares of common stock through the conversion of 2022 Plan Performance Share Units.
- The conversion price for these shares was $0.
- Following the acquisition, 5,089 shares of common stock were disposed of at a price of $9.33 per share to cover withholding taxes.
- After these transactions, Laura P Duda beneficially owns 62,270 shares of common stock directly.
- The conversion represents 96% of the base number of units granted, payable 100% in common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard executive compensation vesting and tax withholding transaction, with no direct positive or negative implications for the company's operational or financial performance.
Positives
- The conversion of 2022 Plan Performance Share Units into common stock indicates the successful vesting of executive compensation, reflecting potential achievement of performance targets.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
StockSavvy.ai notes that this filing is a routine insider transaction related to executive compensation and does not provide insights into broader industry trends or competitive positioning for Goodyear.
Stakeholder Impact
- Shareholders: This is a routine compensation event for an executive and is unlikely to have a significant direct impact on shareholders. It reflects the vesting of previously granted performance-based awards.
Key Dates
| Date | Description |
|---|---|
| 10/04/2019 | Date of Power of Attorney authorizing Daniel T. Young to sign on behalf of Laura P Duda. |
| 02/02/2026 | Date of transaction for the acquisition of common stock from performance share unit conversion and disposition for tax withholding. |
| 02/04/2026 | Date the Form 4 was signed. |
Keywords
Goodyear, GT, Insider Transaction, Form 4, Performance Share Units, Executive Compensation, Stock Conversion, Laura P Duda
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