Form 4: Goodyear Executive Laura P. Duda Reports Acquisition of Performance Share Units and Restricted Stock Units

Laura P. Duda, a Senior Vice President and Chief Communications Officer at Goodyear Tire & Rubber Co, reported the acquisition of performance share units and restricted stock units on February 24, 2025.

Summary

• On February 24, 2025, Laura P. Duda, a Senior Vice President and Chief Communications Officer at Goodyear Tire & Rubber Co, acquired 18,386 performance share units and 18,386 restricted stock units under the company's 2022 Performance Plan.
• The performance share units are contingently payable in common stock in February 2028, with the actual number of units paid ranging from 0% to 200% based on performance goals over a three-year period ending December 31, 2027.
• The number of units can also increase or decrease by up to 20% based on Goodyear's total shareholder return compared to a peer group over the same period.
• The restricted stock units will vest in 33% increments over three years, starting on March 1, 2026.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation disclosure, indicating alignment of management with shareholder interests, which is generally viewed positively.

Positives

• The acquisition of performance share units and restricted stock units aligns the executive's interests with the company's long-term performance and shareholder value.

Risks

• The actual value of the performance share units is contingent on the company's performance and shareholder return, which are subject to market conditions and other factors.

Future Outlook

The performance share units are subject to the attainment of certain performance goals over a 3-year period ending December 31, 2027, and is subject to increase or decrease of up to 20% based on the Company's total shareholder return vs. a peer group over the 3-year period ending December 31, 2027.

Industry Context

Executive compensation through equity grants is a common practice in the industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Equity-based compensation is a standard practice among publicly traded companies to incentivize executives and align their interests with shareholders.
• The vesting schedules and performance metrics associated with these grants are generally in line with industry norms, though specific details vary by company and role.

Stakeholder Impact

• The equity grants incentivize the executive to drive long-term value for shareholders.
• Employees may view the grants as a positive sign of the company's commitment to its leadership.

Key Dates