Form 4: Goodyear Executive David Phillips Reports Stock Transactions
SEC Form 4 Filing
David Phillips, Sr VP and General Counsel of Goodyear Tire & Rubber Co, reports the vesting and disposal of restricted stock units for tax obligations.
Summary
- On February 28, 2025, David Phillips vested 13,557 shares of common stock from 2017 Plan Restricted Stock Units and disposed of 6,149 shares to cover withholding taxes at a price of $9.45.
- On March 1, 2025, Phillips vested 15,241 shares of common stock from 2022 Plan Restricted Stock Units and disposed of 6,912 shares to cover withholding taxes at a price of $9.45.
- Following these transactions, Phillips directly owns 20,896 shares of Goodyear common stock and 30,482 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard compensation practices; it doesn't indicate a particularly positive or negative outlook.
Future Outlook
The 2022 Plan Restricted Stock Units will continue to vest in 33% increments over three years commencing on March 1, 2025.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of RSUs.
Key Dates
| Date | Description |
|---|---|
| 10/07/19 | Date of Power of Attorney filed with the SEC. |
| 02/28/2022 | Date of grant for the 2017 Plan Restricted Stock Units. |
| 02/28/2025 | Vesting and conversion of 2017 Plan Restricted Stock Units and disposal of shares for tax withholding. |
| 03/01/2025 | Vesting and conversion of 2022 Plan Restricted Stock Units and disposal of shares for tax withholding; commencement of vesting in 33% increments over three years. |
| 03/04/2025 | Date of Form 4 filing. |
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