Form 4: Goodyear Executive Darren R. Wells Reports Stock Transactions
SEC Form 4 Filing
EVP & Chief Admin. Officer of Goodyear, Darren R. Wells, reports the vesting and conversion of Restricted Stock Units and subsequent stock transactions.
Summary
- On February 26, 2024, Darren R. Wells, EVP & Chief Admin. Officer of Goodyear Tire & Rubber Co, reported transactions involving common stock.
- Wells acquired 51,754 shares of common stock through the vesting of Restricted Stock Units (RSUs) granted on February 26, 2021.
- Simultaneously, 23,471 shares were withheld by Goodyear for the payment of withholding taxes at a price of $11.81 per share.
- Following these transactions, Wells directly owns 150,441 shares of Goodyear common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often monitored by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transaction impacts shareholders by increasing the number of outstanding shares, although the effect is minimal given the size of the transaction relative to the company's overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 10/07/2019 | Date of Power of Attorney granted to Daniel T Young to execute Form 4 on behalf of Darren R Wells. |
| 02/26/2021 | Date the Restricted Stock Units (RSUs) were granted. |
| 02/26/2024 | Date of the reported stock transactions, including RSU vesting and tax withholding. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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