Form 4: Goodyear Legal Officer's Stock Transactions Reported

Goodyear's Senior VP and Chief Legal Officer, David E. Phillips, reported the conversion of performance share units and subsequent tax-related stock disposition.

Summary

• David Emmitt Phillips, Senior VP and Chief Legal Officer of Goodyear Tire & Rubber Co, reported transactions on February 2, 2026.
• Phillips acquired 20,901 shares of common stock through the conversion of 2022 Plan Performance Share Units (PSUs).
• The conversion represented 96% of the base number of units granted, payable 100% in common stock.
• Concurrently, 10,164 shares of common stock were disposed of to cover withholding taxes at a price of $9.33 per share.
• Following these transactions, Phillips beneficially owns 31,633 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine executive compensation event (PSU vesting and tax withholding) and does not indicate any significant positive or negative operational or strategic developments for the company.

Positives

• The conversion of 20,901 Performance Share Units into common stock indicates successful vesting of executive compensation, reflecting achievement of performance targets.

Negatives

• A disposition of 10,164 shares of common stock occurred to satisfy tax withholding obligations, reducing the executive's direct share ownership.

Future Outlook

This Form 4 filing reports completed transactions and does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

StockSavvy.ai notes that the reported transactions are routine executive compensation events, specifically the vesting of performance-based equity awards and the subsequent sale of shares to cover tax liabilities. Such events are common across publicly traded companies as part of their executive incentive programs.

Stakeholder Impact

• Shareholders: The transactions represent a routine aspect of executive compensation, with a minor increase in shares outstanding from vesting and a minor reduction from tax-related sales. No significant direct impact on shareholder value is implied by this filing alone.

Key Dates

Keywords

Goodyear, GT, Form 4, Insider Transaction, Executive Compensation, Performance Share Units, Stock Vesting, Tax Withholding