GOODYEAR TIRE & RUBBER CO /OH/·4

Feb 4, 5:50 PM ET

Duda Laura P 4

Research Summary

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Goodyear (GT) SVP Laura Duda Exercises Awards, Withholds Shares for Taxes

What Happened
Laura P. Duda, Senior Vice President & Chief Communications Officer at Goodyear Tire & Rubber Co. (GT), converted/exercised equity units into 10,047 common shares on 2026-02-02. Of those shares, 5,089 were withheld by the issuer to cover withholding taxes at $9.33 per share (total value withheld ≈ $47,480). The filing also reports the conversion/disposition of the derivative award that produced the 10,047 shares.

Key Details

  • Transaction date: 2026-02-02; Filing date: 2026-02-04 (appears timely).
  • Exercise/conversion: 10,047 shares acquired (derivative conversion) reported at $0.00 per share (code M).
  • Tax withholding: 5,089 shares disposed to satisfy tax withholding at $9.33 per share = $47,480 (code F; F1 footnote explains issuer withheld shares for taxes).
  • Derivative reporting: 10,047 shares also reported as disposed (conversion of award) (code M; F2 notes conversion of 96% of base units, payable 100% in common stock).
  • Shares owned after transaction: Not disclosed on the provided Form 4 excerpt.

Context
This was an equity award conversion (exercise/settlement) with a portion of shares withheld to cover taxes — a routine, non-market-sale mechanism (often called a cashless or net settlement). Withholding for taxes is common and does not necessarily indicate the insider’s view on the stock.