RICHARD J. KRAMER - 08 Dec 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.
Issuer symbol
GT
Transactions as of
08 Dec 2021
Net transactions value
-$5,296,553
Form type
4
Filing time
10 Dec 2021, 15:39:35 UTC
Previous filing
13 Oct 2021
Next filing
11 Jan 2022
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 $2,530,000 +250,000 +43% $10.12 834,448 08 Dec 2021 Direct
transaction GT Common Stock Tax liability $3,914,404 -175,298 -21% $22.33 659,150 08 Dec 2021 Direct F1
transaction GT Common Stock Sale $3,912,149 -175,197 -27% $22.33 483,953 08 Dec 2021 Direct F1
holding GT Common Stock 100,000 08 Dec 2021 Trust F2
holding GT Common Stock 248 08 Dec 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 -250,000 -25% $0.000000 750,000 08 Dec 2021 Common Stock 250,000 $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).