Goodyear (GT) Jan-Piet van Kesteren Receives RSUs; Shares Withheld

What Happened Jan‑Piet van Kesteren, Managing Director EMEA & CSO at Goodyear Tire & Rubber Co. (GT), had 12,775 restricted stock units (RSUs) convert into common shares on 2026-09-01. The RSUs converted at no exercise price (reported $0.00). To cover withholding taxes, the issuer withheld 6,324 shares at $5.99 per share, totaling $37,881, leaving a net issuance of 6,451 shares to the insider.

Key Details

• Transaction date: 2026-09-01; Form 4 filed 2026-09-02 (timely).
• Conversion: 12,775 RSUs -> 12,775 shares (exercise/conversion code M, $0.00).
• Tax withholding: 6,324 shares disposed @ $5.99 = $37,881 (code F; shares withheld by issuer).
• Net shares delivered to insider: 12,775 − 6,324 = 6,451 shares.
• Shares owned after transaction: not reported on the provided excerpt.
• Footnotes: F1 = issuer withheld shares for withholding taxes; F2 = this represents vesting/conversion of one‑third of RSUs granted 2025-09-01.
• No 10b5‑1 plan or late filing indicated.

Context This was a routine RSU vesting and net settlement (issuer withheld shares for tax), not an open‑market purchase or sale. For retail investors, vesting and withholding transactions typically reflect standard compensation mechanics rather than a directional insider trade.