Raymond E. Scott - Feb 7, 2024 Form 4 Insider Report for LEAR CORP (LEA)

Signature
/s/ Karen Crittenden, as Attorney-in-Fact
Stock symbol
LEA
Transactions as of
Feb 7, 2024
Transactions value $
-$3,595,029
Form type
4
Date filed
2/9/2024, 05:00 PM
Previous filing
Jan 10, 2024
Next filing
Nov 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Award $0 +37.8K +1269.25% $0.00 40.7K Feb 7, 2024 Direct F1
transaction LEA Common Stock Tax liability -$2.18M -16.5K -40.42% $132.35 24.3K Feb 7, 2024 Direct F2
transaction LEA Common Stock Sale -$1.42M -10.7K -43.87% $132.86 13.6K Feb 9, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
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).
F2 Shares withheld by the Company to satisfy tax withholding requirements.
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.