Form 4: Goodyear Legal Officer's RSU Vesting & Stock Transactions

Goodyear's Senior VP and Chief Legal Officer, David E. Phillips, reported the vesting of restricted stock units and subsequent stock transactions, including tax withholdings.

Summary

• David Emmitt Phillips, Senior VP and Chief Legal Officer of Goodyear Tire & Rubber Co., reported transactions involving the company's common stock.
• On February 27, 2026, 19,720 Restricted Stock Units (RSUs) granted on February 27, 2023, vested and converted into common stock.
• Concurrently, 8,944 shares were disposed of at $8.25 per share to cover withholding taxes.
• On March 1, 2026, 33,627 RSUs vested and converted into common stock, comprising 15,241 RSUs from a February 26, 2024 grant and 18,386 RSUs from a February 24, 2025 grant.
• An additional 15,251 shares were disposed of at $8.25 per share on March 1, 2026, for tax withholding purposes.
• Following these transactions, Phillips' direct beneficial ownership of common stock is 60,785 shares.
• Phillips also beneficially owns 15,241 and 36,772 derivative securities (RSUs) from the 2022 Plan, which are yet to fully vest.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine, slightly positive event, reflecting the execution of a pre-established executive compensation plan and the alignment of management's interests with shareholders through equity ownership.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates the successful execution of long-term incentive compensation plans for a key executive.
• The conversion of RSUs into common stock aligns the executive's interests with those of shareholders, promoting long-term value creation.

Negatives

• A significant number of shares (8,944 and 15,251) were withheld by the issuer to cover tax obligations, reducing the executive's direct share accumulation from the vesting event.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that RSU vesting and subsequent tax-related share dispositions are common components of executive compensation packages across various industries, including manufacturing and automotive suppliers. These transactions are standard mechanisms for delivering long-term incentives and aligning management's financial interests with shareholder value creation.

Comparison to Industry Standards

• StockSavvy.ai observes that the vesting schedule and tax withholding practices detailed in this filing are standard for executive compensation plans in large public companies.
• These practices are comparable to those seen at Goodyear's industry peers and competitors, such as Bridgestone Corporation or Michelin Group, which also utilize equity-based compensation to incentivize their leadership.

Stakeholder Impact

• Shareholders: The vesting and conversion of RSUs into common stock results in a minor increase in the outstanding share count (potential slight dilution) but also reinforces management's equity stake, aligning their long-term interests with shareholder value creation.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation transactions (RSU vesting and tax-related share dispositions). It does not provide new fundamental information about the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation based solely on this filing. Investors should consider broader company fundamentals and market conditions.

Keywords

Goodyear, GT, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, David E. Phillips