Form 4: Goodyear Executive Helsel Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Christopher P Helsel, Sr VP & Chief Tech Ofcr at Goodyear Tire & Rubber Co, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On February 28, 2025, Christopher P Helsel vested 22,756 Restricted Stock Units (RSUs) from the 2017 Plan, converting them into common stock.
- Also on February 28, 2025, 10,321 shares of common stock were withheld by Goodyear for the payment of withholding taxes at a price of $9.45 per share.
- On March 1, 2025, Helsel vested 13,760 Restricted Stock Units (RSUs) from the 2022 Plan, converting them into common stock.
- Additionally, on March 1, 2025, 4,819 shares of common stock were withheld for the payment of withholding taxes at a price of $9.45 per share.
- Following these transactions, Helsel directly owns 90,987 shares of Goodyear common stock and 27,518 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive compensation in the form of stock options and restricted stock units is a common practice in publicly traded companies like Goodyear to align management's interests with those of shareholders.
Stakeholder Impact
- The vesting of RSUs and subsequent stock transactions may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/07/2019 | Date of Power of Attorney granted to Daniel T. Young |
| 02/28/2022 | Date of grant for the 2017 Plan Restricted Stock Units |
| 02/28/2025 | Vesting and conversion of 22,756 Restricted Stock Units (RSUs) from the 2017 Plan; withholding of 10,321 shares for taxes at $9.45 |
| 03/01/2025 | Vesting and conversion of 13,760 Restricted Stock Units (RSUs) from the 2022 Plan; withholding of 4,819 shares for taxes at $9.45 |
| 03/04/2025 | Date of Form 4 filing |
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