GOODYEAR TIRE & RUBBER CO /OH/ (GT): CFO Jerome J. Rouquet appointed

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 27, 2026, The Goodyear Tire & Rubber Company (the “Company”) announced that Jerome J. Rouquet will become Executive Vice President and Chief Financial Officer, effective December 1, 2026. Scott M. Deakin will continue to serve as Interim Executive Vice President and Chief Financial Officer through November 30, 2026.
Mr. Rouquet is currently Senior Vice President and Chief Financial Officer of Visteon Corporation (a global automotive technology company), a position he has held since February 2020. Prior to that, he held financial leadership roles of increasing responsibility at Federal-Mogul Corporation (a global automotive supplier), including Senior Vice President and Chief Financial Officer. Mr. Rouquet is 59 years old.
Mr. Rouquet will receive an annual base salary of $900,000 and will participate in the Company’s Executive Annual Incentive Plan, with a target annual incentive of $900,000. He will receive a long-term incentive award with a value of $3,200,000 under the Company’s 2022 Performance Plan, consisting of (1) $1,280,000 of Performance Share Units for the performance cycle ending December 31, 2028, (2) $960,000 of Executive Performance Units for the performance cycle ending December 31, 2028, and (3) $960,000 of Restricted Stock Units that will vest ratably over three years. He will also receive make-whole and inducement awards consisting of (1) a $2,500,000 one-time cash payment to be paid on March 15, 2027, with a one-year claw-back period, (2) a one-time $2,600,000 Restricted Stock Unit award that will vest on March 1, 2028, and (3) a one-time $700,000 Restricted Stock Unit award that will vest on March 1, 2029. Mr. Rouquet will become a participant in the Executive Severance and Change in Control Plan, with a severance multiple of 1.5x, and the Defined Contribution Excess Benefit Plan, as well as other benefit plans and programs that generally are available to the Company’s officers and associates.