Helsel Christopher P 4
Research Summary
AI-generated summary
Goodyear (GT) Sr. VP Christopher Helsel Receives RSU Shares
What Happened
Christopher P. Helsel, Senior Vice President & Chief Technology Officer at Goodyear (GT), had restricted stock units (RSUs) vest and convert into common shares. On Feb 27 and Mar 1, 2026 he converted a total of 63,484 RSUs into shares (37,467 on Feb 27 and 26,017 on Mar 1). To cover required withholding taxes, the company withheld 16,992 shares on Feb 27 (valued at $8.25 each, $140,184) and 11,800 shares on Mar 1 (valued at $8.25 each, $97,350) — a total of 28,792 shares withheld (~$237,534). The conversions are reported as derivative exercises/conversions (code M) and the withholding is reported with code F.
Key Details
- Transaction dates: 2026-02-27 and 2026-03-01; filing date: 2026-03-03. The form does not indicate a late filing.
- Conversion details: 37,467 RSUs converted 2/27/26; 26,017 RSUs converted 3/1/26. Several conversion lines reflect RSUs from different grant years (see footnotes).
- Tax withholding: 16,992 shares withheld at $8.25 on 2/27/26 ($140,184) and 11,800 shares withheld at $8.25 on 3/1/26 ($97,350). Withheld shares were surrendered to pay withholding tax (code F).
- Shares owned after transaction: Not stated in the Form 4 filing.
- Footnotes: F1 = shares withheld for taxes; F2 = vesting/conversion of RSUs granted 2/27/2023; F3 = one-third of RSUs granted 2/24/2025; F4 = one-third of RSUs granted 2/26/2024.
Context
These transactions reflect routine RSU vesting and conversion, not open-market purchases or discretionary sales. The withholding of shares to cover taxes is a common cashless mechanism when RSUs vest — it reduces the net shares received but does not necessarily signal a change in insider sentiment.