David E. Phillips - Feb 26, 2024 Form 4 Insider Report for GOODYEAR TIRE & RUBBER CO /OH/ (GT)

Role
Sr VP and General Counsel
Signature
/s/ Daniel T. Young, signing as an attorney-in-fact and agent duly authorized to execute this Form 4 on behalf of David E Phillips pursuant to a Power of Attorney dated 10/7/19, a copy of which has been previously filed with the SEC.
Stock symbol
GT
Transactions as of
Feb 26, 2024
Transactions value $
-$124,265
Form type
4
Date filed
2/28/2024, 04:59 PM
Previous filing
Feb 7, 2024
Next filing
Aug 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GT Common Stock Options Exercise $0 +23.2K +36.06% $0.00 87.5K Feb 26, 2024 Direct
transaction GT Common Stock Tax liability -$124K -10.5K -12.02% $11.81 77K Feb 26, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GT 2017 Plan Restricted Stock Units Options Exercise $0 -23.2K -100% $0.00* 0 Feb 26, 2024 Common Stock 23.2K Direct F2
transaction GT 2022 Plan Performance Share Units Award $0 +45.7K $0.00 45.7K Feb 26, 2024 Common Stock 45.7K Direct F3
transaction GT 2022 Plan Restricted Stock Units Award $0 +45.7K $0.00 45.7K Feb 26, 2024 Common Stock 45.7K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock withheld by the issuer for the payment of withholding taxes.
F2 This Form 4 reports the vesting and conversion of Restricted Stock Units ("RSUs") granted February 26, 2021.
F3 Performance Share Unit grant under the 2022 Performance Plan, contingently payable (to the extent earned) 100% in shares of common stock in February 2027. The number of Units paid, which can range from 0% to 200% of the Units reported on this Form 4, depends on the attainment of certain performance goals over a 3-year period ending December 31, 2026, and is subject to increase or decrease of up to 20% based on the Company's total shareholder return vs. a peer group over the 3-year period ending December 31, 2026.
F4 Restricted Stock Unit ("RSU") grant under the 2022 Performance Plan. The RSUs will vest and convert into shares of common stock in 33% increments over three years commencing on March 1, 2025.