Madarang Nathaniel 4

What Happened

• Nathaniel Madarang, President, Asia Pacific for Goodyear Tire & Rubber Co. (GT), converted/exercised 18,421 derivative units into common stock on 2026-02-02.
• Of those shares, the issuer withheld 8,290 shares to satisfy withholding taxes at an effective price of $9.33 per share, totaling $77,346. The net shares issued to Madarang were 10,131 (18,421 converted minus 8,290 withheld).
• The filing shows the derivative position was converted/settled (M code) and the withholding is reported as a disposition for tax payment (F code). This is a routine exercise/conversion with tax withholding, not an open-market purchase or sale for investment purposes.

Key Details

• Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (timely).
• Conversion/Exercise: 18,421 shares (derivative M code) at $0.00 per share (reflects conversion/settlement).
• Tax withholding: 8,290 shares disposed (F code) at $9.33 = $77,346.
• Net shares received: 10,131.
• Footnotes: F1 — shares withheld by issuer to pay withholding taxes; F2 — reports conversion of 96% of the base number of units granted, payable 100% in common stock.
• Shares owned after transaction: not specified in the provided excerpt.

Context

• This was an exercise/conversion with net-share settlement (company withheld shares to cover tax liability), a common administrative step and not an indicator of a market buy/sell decision.
• Transaction codes: M = option/derivative exercise or conversion; F = shares withheld for tax/payment. No late filing noted.