Richard J. Kramer - Dec 8, 2021 Form 4 Insider Report for GOODYEAR TIRE & RUBBER CO /OH/ (GT)

Role
Chairman of the Bd, CEO & Pres, Director
Signature
/s/ Daniel T Young, signing as an attorney-in-fact and agent duly authorized to execute this Form 4 on behalf of Richard J Kramer 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
Dec 8, 2021
Transactions value $
-$5,296,553
Form type
4
Date filed
12/10/2021, 03:39 PM
Previous filing
Oct 13, 2021
Next filing
Jan 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GT Common Stock Options Exercise $2.53M +250K +42.78% $10.12 834K Dec 8, 2021 Direct
transaction GT Common Stock Tax liability -$3.91M -175K -21.01% $22.33 659K Dec 8, 2021 Direct F1
transaction GT Common Stock Sale -$3.91M -175K -26.58% $22.33 484K Dec 8, 2021 Direct F1
holding GT Common Stock 100K Dec 8, 2021 Trust F2
holding GT Common Stock 248 Dec 8, 2021 401(k) Plan F3

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 Option Options Exercise $0 -250K -25% $0.00 750K Dec 8, 2021 Common Stock 250K $10.12 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $22.15 to $22.58. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Total number of shares held in a trust account by the reporting person.
F3 Total number of shares of common stock allocated to the account of the reporting person in a Trust established under Goodyear's Employee Savings Plan for Salaried Employees, 401(k) Plan, as of December 8, 2021 as reported by the Plan Trustee.
F4 Non-Qualified Stock Option in respect of shares of common stock granted under the 2017 Performance Plan.
F5 The option vests and becomes exercisable in 25% increments over four years commencing one year after the date of grant (February 25, 2020).