Geissler Werner 4

What Happened

• Werner Geissler, a director of Goodyear Tire & Rubber Co. (GT), had 19,047 Restricted Stock Units (RSUs) vest and convert into 19,047 shares on 2026-04-13 (transaction code M).
• To cover withholding taxes, 4,572 of those shares were surrendered/withheld at an implied value of $7.03 per share for a tax withholding of $32,141 (transaction code F). Net shares received by Geissler were 14,475 (19,047 acquired minus 4,572 withheld).
• This was a vesting/award event (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-04-13; Form 4 filed 2026-04-15 (timely).
• Transaction types/codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld for tax payment.
• Price info: RSU conversion recorded at $0.00 (no exercise price); tax withholding shown at $7.03/sh for 4,572 shares = $32,141.
• Grant/award info: RSUs were granted under the Outside Directors' Equity Participation Plan; this filing represents vesting/conversion of RSUs granted April 14, 2025 (footnotes F2, F3).
• Shares owned after transaction: not specified in the provided filing details.

Context

• This was a routine director equity vesting event, not an open-market sale or purchase. The withholding of shares to cover taxes is a common, administrative step (not necessarily a market sentiment signal).
• For derivative conversions like RSU vesting, the effective "acquisition" often reflects the gross shares issued minus shares surrendered for tax withholding (a cashless-type settlement).