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GOODYEAR TIRE & RUBBER CO /OH/·4

Mar 3, 5:53 PM ET

Zamarro Christina L 4

Research Summary

AI-generated summary

Updated

Goodyear (GT) CFO Christina Zamarro Converts RSUs; Shares Withheld

What Happened

  • Christina Zamarro, Chief Financial Officer of Goodyear (GT), had restricted stock units (RSUs) vest and convert to common shares on Feb 27 and Mar 1, 2026. The filing shows conversions totaling 125,829 shares (59,158 on Feb 27 and 66,671 on Mar 1). To satisfy tax withholding, the issuer withheld 26,829 shares on Feb 27 ($8.25/share, $221,339) and 30,236 shares on Mar 1 ($8.25/share, $249,447) — a total of 57,065 shares withheld valued at ~$470,786. After withholding, the net shares issued to Zamarro were roughly 68,764 shares.

Key Details

  • Transaction dates and prices:
    • Feb 27, 2026: RSU conversion of 59,158 shares; 26,829 shares withheld for taxes at $8.25/share ($221,339).
    • Mar 1, 2026: RSU conversion of 66,671 shares; 30,236 shares withheld for taxes at $8.25/share ($249,447).
    • Several derivative entries show $0 price (conversion of RSUs to common stock), and some derivative “disposed” lines reflect internal conversion/recording rather than cash sales.
  • Shares owned after transaction: The filing references shares allocated to a 401(k) trust per the Plan Trustee (see footnote F2). The exact total shares owned following these transactions are not specified in the summary provided; see the Form 4 for ending balances.
  • Footnotes of note:
    • F1: Shares withheld by the issuer to pay withholding taxes (explains the disposals at $8.25).
    • F3–F5: These line items report vesting/conversion of RSUs granted Feb 27, 2023; Feb 26, 2024 (one‑third); and Feb 24, 2025 (one‑third).
  • Filing timeliness: Report filed Mar 3, 2026 for transactions on Feb 27–Mar 1, 2026. This filing date is within the standard Form 4 reporting window (generally two business days) and appears timely.

Context

  • These transactions reflect RSU vesting and conversion, not an open-market sale or new purchase. The withholding of shares to cover taxes is routine following RSU vesting (a form of cashless tax withholding) and does not by itself indicate a deliberate liquidity-driven sale into the market or interpersonal gifting.
  • For retail investors, vesting conversions are common compensation events; purchases (insider buys) typically carry more interpretive weight regarding insider sentiment than routine tax withholding after RSU vesting.