Richard Kramer divests 29,000 Goodyear shares

Goodyear Tire & Rubber chairman, president and chief executive Richard J. Kramer has sold around ten per cent of his shares in the company he heads up. According to a document filed with the United States Securities and Exchange Commission, on 2 February the Goodyear boss disposed of 29,000 shares for an average price of US28.0403 per share – a total of $813,168. Following the transaction, Kramer retains 259,864 shares.

In December 2015, Darren Wells sold 30,914 Goodyear Tire & Rubber shares for an average price of $33.61 per share, landing the now former president of the company’s Rubber’s Europe, Middle East and Africa business $1,039,019.54 in total.