CLAYTON NORMA 4
4 · GOODYEAR TIRE & RUBBER CO /OH/ · Filed Apr 15, 2026
Research Summary
AI-generated summary of this filing
Goodyear (GT) Director Norma Clayton Receives RSU Award
What Happened
Norma Clayton, a director of Goodyear Tire & Rubber Co. (GT), received an award of 25,605 restricted stock units (RSUs) on April 13, 2026. Each unit was valued at the closing market price of $7.03, for a total grant value of $180,003. This was an equity award (derivative grant), not an open‑market purchase or sale.
Key Details
- Transaction date and price: 2026-04-13; 25,605 RSUs valued at $7.03 each (total $180,003).
- Transaction type: A = Award/Grant (derivative RSUs).
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: RSUs are payable only in common stock and were accrued to the reporting person’s Restricted Stock Unit Deferral Account under the Outside Directors' Equity Participation Plan.
- F2: Each RSU was valued at the closing market price on the grant date. RSUs convert to shares on the fifth business day of the calendar quarter following the quarter of the director’s separation from board service.
- F3: Indicates total units accrued to the deferred equity account as of the statement date (specific total not disclosed in this Form 4).
- Filing timeliness: Reported on Form 4 filed 2026-04-15 for a 2026-04-13 transaction (appears timely).
Context
RSU grants to outside directors are standard compensation and are a deferred equity award rather than an immediate stock purchase. These RSUs will convert to actual shares only under the schedule described in the footnote (after director separation), so this grant increases deferred equity holdings now but does not immediately increase sellable shares.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-04-13$7.03/sh+25,605$180,003→ 112,221 total→ Common Stock (25,605 underlying)
Footnotes (3)
- [F1]Restricted Stock Units ("RSU"), each equivalent to a share of the Common Stock of the Company and payable only in Common Stock, awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended (the "Plan"), and accrued to the Restricted Stock Unit Deferral Account of the reporting person in accordance with the Plan.
- [F2]Each RSU was valued at the fair market value (the closing market price) on the Transaction Date. Each RSU will be converted to a share of Common Stock on the fifth business day of the calendar quarter following the quarter of the Director's separation from Board service.
- [F3]Total units accrued to the deferred equity accounts of the reporting person as of the date of this statement.