Madarang Nathaniel 4

What Happened

• Nathaniel Madarang, President, Asia Pacific for Goodyear Tire & Rubber Co. (GT), had restricted stock units (RSUs) vest and convert into common shares in late Feb–early Mar 2026. On Feb 27 he received 28,921 shares and on Mar 1 he received 22,419 shares (total 51,340 shares). The company withheld 13,015 shares on Feb 27 and 10,090 shares on Mar 1 to cover withholding taxes, at $8.25 per share, totaling $190,617. After withholding, Madarang received a net 28,235 shares (15,906 from Feb 27; 12,329 from Mar 1).
• The filing shows zero-dollar derivative conversion/disposition entries associated with the RSU vesting (see footnotes).

Key Details

• Transaction dates and amounts:
  • 2026-02-27: 28,921 RSUs vested/converted; 13,015 shares withheld for taxes @ $8.25 = $107,374.
  • 2026-03-01: 22,419 RSUs vested/converted; 10,090 shares withheld for taxes @ $8.25 = $83,243.
• Net shares issued to insider after withholding: 28,235 shares.
• Footnotes: F1 = shares withheld to pay withholding taxes; F2–F4 = vesting/conversion of RSUs granted on 2/27/2023, 2/24/2025 (one‑third), and 2/26/2024 (one‑third).
• Filing date: Form 4 filed March 3, 2026 (reporting vesting dates Feb 27 and Mar 1). The filing does not indicate late reporting.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• These transactions are vesting and settlement of RSUs (award conversion), not open-market purchases or discretionary sales. The company withheld a portion of shares to cover tax obligations (a common, administrative step often described as a cashless settlement).
• Such routine tax-withholding disposals do not necessarily indicate insider buying or selling intent; purchases would be a stronger bullish signal.