Goodyear (GT) director Hera K. Siu gets 25,605 RSUs as 9,523 vest into stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goodyear Tire & Rubber director Hera K. Siu reported equity compensation activity involving restricted stock units (RSUs) and common shares. On April 13, 2026, 9,523 RSUs vested and were converted into 9,523 shares of common stock, exhausting this RSU award.
On the same date, Siu received a new grant of 25,605 RSUs under the company’s Outside Directors' Equity Participation Plan. Each RSU is equivalent to one share of common stock and was valued at the closing market price of $7.03 on the transaction date. These RSUs will convert into common stock on the earlier of one year from grant or the 2027 annual meeting, and Siu holds 25,605 RSUs and 9,523 common shares directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,523 shares exercised/converted
Mixed
3 txns
Insider
Siu Hera K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,523 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 25,605 | $7.03 | $180K |
| Exercise | Common Stock | 9,523 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 9,523 shares (Direct)
Footnotes (1)
- Restricted Stock Units ("RSU"), each equivalent to a share of the Common Stock of the Company and payable only in Common Stock, awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended (the "Plan"). This Form 4 represents the vesting and conversion of RSUs granted April 14, 2025. Each RSU was valued at the fair market value (the closing market price) on the Transaction Date. Each RSU will be converted to a share of Common Stock on the earlier of one year from the date of grant and the date of the 2027 annual meeting.
Key Figures
RSUs vested: 9,523 units
New RSU grant: 25,605 units
RSU valuation price: $7.03 per unit
+2 more
5 metrics
RSUs vested
9,523 units
Converted into 9,523 common shares on April 13, 2026
New RSU grant
25,605 units
Awarded to director under Outside Directors' Equity Participation Plan
RSU valuation price
$7.03 per unit
Fair market value, closing market price on transaction date
Common shares held after
9,523 shares
Directly held by Hera K. Siu following vesting
RSUs held after
25,605 units
Unvested RSUs remaining after transactions
Key Terms
Restricted Stock Units, Outside Directors' Equity Participation Plan, vesting and conversion, fair market value, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units ("RSU"), each equivalent to a share of the Common Stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Outside Directors' Equity Participation Plan financial
"awarded pursuant to the Company's Outside Directors' Equity Participation Plan, as amended"
vesting and conversion financial
"This Form 4 represents the vesting and conversion of RSUs granted April 14, 2025."
fair market value financial
"Each RSU was valued at the fair market value (the closing market price) on the Transaction Date."
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
annual meeting financial
"Each RSU will be converted to a share of Common Stock on the earlier of one year from the date of grant and the date of the 2027 annual meeting."
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
What insider transactions did GT director Hera K. Siu report on April 13, 2026?
Hera K. Siu reported vesting of 9,523 restricted stock units into 9,523 common shares and a new grant of 25,605 RSUs. All transactions are compensation-related awards under Goodyear’s Outside Directors' Equity Participation Plan.
At what value were the new RSUs for Goodyear (GT) director Hera K. Siu granted?
The 25,605 new restricted stock units granted to Hera K. Siu were valued at $7.03 each, based on Goodyear’s closing market price on April 13, 2026. This reflects standard practice for equity awards tied to market value.
When will Hera K. Siu’s new Goodyear (GT) RSUs convert into common stock?
Each new restricted stock unit will convert into one Goodyear common share on the earlier of one year from the grant date and the date of the 2027 annual meeting. This schedule links director equity vesting to both time and the shareholder meeting.
What does it mean that Goodyear (GT) RSUs are payable only in common stock?
Being payable only in common stock means each restricted stock unit will settle in Goodyear shares, not cash. For Hera K. Siu, 25,605 RSUs ultimately translate into 25,605 shares, aligning director compensation with shareholder equity performance.