Conrad L. Mallett Jr - 16 May 2024 Form 4 Insider Report for LEAR CORP (LEA)

Role
Director
Signature
/s/ Karen Crittenden, as Attorney-in-Fact
Issuer symbol
LEA
Transactions as of
16 May 2024
Transactions value $
$0
Form type
4
Filing time
20 May 2024, 13:23:14
Previous filing
24 May 2023
Next filing
29 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Options Exercise $0 +1.28K $0.00 1.28K 16 May 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LEA Restricted Stock Units Options Exercise $0 -1.28K -100% $0.00* 0 16 May 2024 Common Stock 1.28K Direct F1, F2
transaction LEA Restricted Stock Units Award $0 +1.34K $0.00 1.34K 16 May 2024 Common Stock 1.34K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vested and settled in common stock on May 16, 2024.
F2 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F3 The restricted stock units were granted on May 16, 2024 under the Lear Corporation 2019 Long-Term Stock Incentive Plan. The restricted stock units vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual meeting of stockholders following the grant date. The restricted stock units settle in shares of common stock as follows: (i) settlement of 1271 restricted stock units will occur on the applicable vesting date and (ii) settlement of 66 restricted stock units has been deferred, pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, until the earlier of Mr. Mallett's retirement as a director of Lear Corporation, a change in control of Lear Corporation or February 20, 2026.