Form 4: Goodyear Executive Converts Performance Units, Sells for Tax
Insider Transaction Report
Goodyear's Asia Pacific President, Nathaniel Madarang, converted performance share units into common stock and sold shares for tax obligations.
Summary
- Nathaniel Madarang, President, Asia Pacific of GOODYEAR TIRE & RUBBER CO /OH/ (GT), reported transactions on February 2, 2026.
- Madarang acquired 18,421 shares of Common Stock through the conversion of 2022 Plan Performance Share Units at a price of $0 per share.
- Following this acquisition, Madarang beneficially owned 65,651 shares of Common Stock.
- Concurrently, Madarang disposed of 8,290 shares of Common Stock at a price of $9.33 per share to cover withholding taxes.
- After the tax-related disposition, Madarang's direct beneficial ownership of Common Stock stands at 57,361 shares.
- The conversion represents 96% of the base number of units granted, payable 100% in common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It reports a routine insider transaction involving the conversion of performance share units and a subsequent sale for tax purposes, which is a standard event for executive compensation and does not indicate a significant change in company prospects or executive sentiment.
Positives
- The conversion of 2022 Plan Performance Share Units into common stock suggests that performance targets associated with these units were met, reflecting positively on the company's operational achievements.
- The acquisition of 18,421 shares at a $0 price indicates a successful vesting and conversion of incentive compensation.
Negatives
- A disposition of 8,290 shares occurred, reducing the executive's direct beneficial ownership, although this was specifically for the payment of withholding taxes and is a routine event for equity compensation.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those related to the vesting and conversion of equity compensation followed by tax-related sales, are common occurrences across all industries. These events typically reflect the execution of pre-established compensation plans rather than discretionary trading based on new material information. For the tire and rubber industry, such routine filings provide transparency into executive compensation structures but rarely signal shifts in market dynamics or competitive positioning.
Stakeholder Impact
- Shareholders: The transaction provides transparency into executive compensation, showing the vesting of performance-based awards. The sale for tax purposes is a routine event and does not typically signal a lack of confidence.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 03/04/2021 | Date of Power of Attorney authorizing Daniel T Young to sign Form 4 on behalf of Nathaniel Madarang. |
| 02/02/2026 | Date of reported transactions for acquisition and disposition of common stock. |
| 02/04/2026 | Date the Form 4 was signed and filed. |
Keywords
Goodyear, GT, Insider Transaction, Form 4, Performance Share Units, Equity Compensation, Nathaniel Madarang, Stock Sale, Tax Withholding
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