KOELLNER LAURETTE T 4
Research Summary
AI-generated summary
Goodyear (GT) Director Laurette Koellner Receives RSU Award
What Happened
Laurette T. Koellner, a director of Goodyear Tire & Rubber Co. (GT), was granted 25,605 restricted stock units (RSUs) on 2026-04-13. Each unit was valued at $7.03 (closing market price on the transaction date), for a total grant value of $180,003. This was an award under the company’s Outside Directors’ Equity Participation Plan — a compensation grant, not an open‑market purchase.
Key Details
- Transaction date and type: 2026-04-13 — Grant/Award (Code A) of 25,605 RSUs at $7.03 each; total $180,003.
- Shares owned after transaction: The filing does not list total common shares owned outright; footnote F3 indicates the filing reports total units accrued to the reporting person’s deferred equity account as of the statement date.
- Vesting/conversion: Each RSU equals one share and will be payable only in Common Stock; RSUs are converted to shares on the fifth business day of the calendar quarter following the quarter of the director’s separation from board service (F1, F2).
- Valuation: Each RSU was valued at the fair market (closing) price on the transaction date (F2).
- Timeliness: Form 4 filed 2026-04-15 for a 2026-04-13 grant — appears to be filed within the usual 2-business-day reporting window; no late-filing indication in the report.
Context
This was a standard director compensation award (RSUs) under Goodyear’s outside directors plan — a non-cash, deferred equity grant rather than a market purchase or sale. For retail investors, such grants are routine compensation and reflect board pay practices; they are not a direct buy/sell signal about the director’s personal market view.