Raymond E. Scott - 07 Feb 2024 Form 4 Insider Report for LEAR CORP (LEA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
09 Feb 2024, 17:00:07 UTC
Prior SEC filing
10 Jan 2024
Next SEC filing
21 Nov 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Karen Crittenden, as Attorney-in-Fact

Key filing fact

Raymond E. Scott filed Form 4 for LEAR CORP (LEA) on 09 Feb 2024.

Key facts

  • This page summarizes Raymond E. Scott's Form 4 filing for LEAR CORP (LEA).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 09 Feb 2024, 17:00.

Change

  • Previous filing in this sequence was filed on 10 Jan 2024.
  • Current net transaction value: -$3,595,029.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LEA transaction

Common Stock

Award

Transaction value
$0
Shares
+37,773
Change %
+1269%
Price
$0.000000
Shares after
40,749
Date
07 Feb 2024
Ownership
Direct
Footnotes
F1
LEA transaction

Common Stock

Tax liability

Transaction value
$2,179,804
Shares
-16,470
Change %
-40%
Price
$132.35
Shares after
24,279
Date
07 Feb 2024
Ownership
Direct
Footnotes
F2
LEA transaction

Common Stock

Sale

Transaction value
$1,415,225
Shares
-10,652
Change %
-44%
Price
$132.86
Shares after
13,627
Date
09 Feb 2024
Ownership
Direct
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

Settlement of non-derivative performance shares for the three-year performance period ending December 31, 2023, granted under the 2019 Lear Corporation Long-Term Stock Incentive Plan and exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d).

Footnote F2

Shares withheld by the Company to satisfy tax withholding requirements.

Footnote F3

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 14, 2023.

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