Form 4: Goodyear Executive Margaret V. Snyder Reports Stock Transactions
SEC Form 4 Filing
Margaret V. Snyder, a Vice President and Controller at Goodyear Tire & Rubber Co, reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- Margaret V. Snyder, a Vice President and Controller at Goodyear Tire & Rubber Co, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On March 1, 2025, Snyder's restricted stock units (RSUs) vested, converting into 3,387 shares of common stock.
- 1,022 shares were withheld by Goodyear for the payment of withholding taxes at a price of $9.45 per share.
- Following these transactions, Snyder directly owns 2,365 shares of Goodyear common stock.
- Snyder also indirectly owns 782 shares through her spouse and 1,759 shares through her spouse's 401(k) plan.
- After the reported transaction, Snyder directly owns 6,773 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The RSUs will vest and convert into shares of common stock in 33% increments over three years commencing on March 1, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/23/23 | Date of Power of Attorney granted to Daniel T Young. |
| 02/28/2025 | Date of spouse's 401(k) plan holdings as reported by the Plan Trustee. |
| 03/01/2025 | Date of earliest transaction, vesting of RSUs, and stock withholding for taxes. |
| 03/04/2025 | Date of Form 4 signature. |
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