Form 4: Goodyear Executive Sells Shares, Reports Ownership Changes

Mark Wynn Stewart, CEO and President of Goodyear Tire & Rubber Co., reported a series of transactions involving common stock and performance share units.

Summary

• Mark Wynn Stewart, CEO and President of Goodyear Tire & Rubber Co. (GT), has reported changes in his beneficial ownership of company stock.
• On May 15, 2026, Stewart acquired 355,537 shares of common stock with a transaction code 'M' and a price of $0, increasing his total holdings to 910,549 shares.
• Additionally, on the same date, 163,903 shares were disposed of at a price of $5.64, resulting in 746,646 shares remaining.
• The filing also details the conversion of 84% of the base number of Units granted under the '2022 Plan Performance Share Units', payable 100% in common stock, amounting to 355,537 shares.
• Stewart holds the position of Director and Officer (CEO & President) within the company.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions and ownership changes without new strategic information or significant financial performance indicators.

Positives

• Acquisition of 355,537 shares of common stock at $0 price indicates a potential stock grant or award.
• The conversion of performance share units suggests the achievement of certain performance metrics tied to the '2022 Plan'.

Negatives

• Disposal of 163,903 shares at $5.64 per share, which could represent a sale of vested shares.

Future Outlook

No specific forward-looking statements or guidance were provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for insider transactions and do not typically provide strategic updates. This filing reflects standard executive compensation and equity management practices within the automotive and tire manufacturing industry.

Stakeholder Impact

• Shareholders: The acquisition and disposal of shares by the CEO may be interpreted in various ways, but without further context, it's a standard reporting event.
• Employees: The conversion of performance share units could indicate positive performance for the company, potentially aligning with employee incentives.
• Management: The filing confirms the continued beneficial ownership and executive roles of Mark Wynn Stewart.

Key Dates

Keywords

Goodyear Tire & Rubber Co., GT, Form 4, SEC Filing, Beneficial Ownership, Stock Transaction, CEO, President, Director, Performance Share Units, Common Stock