GOODYEAR TIRE & RUBBER CO /OH/·4

Mar 3, 5:56 PM ET

Stewart Mark Wynn 4

Research Summary

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Goodyear (GT) CEO Mark Wynn Receives RSUs; Shares Withheld

What Happened
Stewart Mark Wynn, CEO, President and a director of Goodyear Tire & Rubber Co. (GT), reported the vesting/conversion of 183,458 restricted stock units (RSUs) on March 1, 2026. The conversion was reported at $0.00 acquisition cost (code M). The company withheld 84,575 shares to satisfy withholding taxes at $8.25 per share, a tax payment of $697,744 (code F), leaving approximately 98,883 shares delivered to Mr. Wynn. The total market value of the vested shares at $8.25 would be about $1.51M, with net shares received worth roughly $815,785.

Key Details

  • Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
  • Conversion/vesting: 183,458 shares (code M) reported as acquired at $0.00.
  • Tax withholding: 84,575 shares withheld (code F) at $8.25/share = $697,744.
  • Net shares delivered to insider: ~98,883 shares.
  • Footnotes: F1 = shares withheld for taxes; F2 = one‑third of RSUs granted 2/24/2025 vested; F3 = one‑third of RSUs granted 2/26/2024 vested.
  • Shares owned after transaction: not disclosed in the Form 4.
  • Filing timeliness: Form filed two days after the transaction date (no late filing indicated).

Context
This filing reports routine RSU vesting/conversion and a standard share‑withholding to cover tax liabilities (a common non‑market sale). Although coded as derivative activity (M), the footnotes clarify these were RSU vesting events rather than an open‑market purchase or discretionary insider sale. The share withholding is for taxes and should not be interpreted as a directional trading signal.