Gary VanderLind - 26 Feb 2024 Form 4 Insider Report for GOODYEAR TIRE & RUBBER CO /OH/ (GT)

Role
SR VP & Chief Human Res. Ofcr.
Signature
/s/ Daniel T. Young, signing as an attorney-in-fact and agent duly authorized to execute this Form 4 on behalf of Gary VanderLind pursuant to a Power of Attorney dated 10/7/19, a copy of which has been previously filed with the SEC.
Issuer symbol
GT
Transactions as of
26 Feb 2024
Net transactions value
-$59,180
Form type
4
Filing time
28 Feb 2024, 17:13:36 UTC
Previous filing
07 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GT Common Stock Options Exercise $0 +16,508 +31% $0.000000 69,762 26 Feb 2024 Direct
transaction GT Common Stock Tax liability $59,180 -5,011 -7.2% $11.81 64,751 26 Feb 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 -16,508 -100% $0.000000* 0 26 Feb 2024 Common Stock 16,508 Direct F2
transaction GT 2022 Plan Performance Share Units Award $0 +33,022 $0.000000 33,022 26 Feb 2024 Common Stock 33,022 Direct F3
transaction GT 2022 Plan Restricted Stock Units Award $0 +33,022 $0.000000 33,022 26 Feb 2024 Common Stock 33,022 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.