Mei Wei Cheng - 20 May 2021 Form 4 Insider Report for LEAR CORP (LEA)

Role: Director
Signature: /s/ Karen Crittenden as attorney-in-fact
Issuer symbol: LEA
Transactions as of: 20 May 2021
Net transactions value: $0
Form type: 4
Filing time: 24 May 2021, 13:34:08 UTC
Next filing: 22 Feb 2022
SEC: View on sec.gov

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	Award	$0	+875		$0.000000	875	20 May 2021	Common Stock	875		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Converts into common stock of Lear Corporation on a 1-for-1 basis.
F2	The restricted stock units were granted on May 20, 2021 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 and (ii) the date of the next annual meeting of stockholders following the grant date. Settlement of the restricted stock units has been deferred, pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, until the earlier of Mr. Cheng's retirement as a director of Lear Corporation, a change in control of Lear Corporation or February 20, 2023.

Content

Converts into common stock of Lear Corporation on a 1-for-1 basis.

The restricted stock units were granted on May 20, 2021 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 and (ii) the date of the next annual meeting of stockholders following the grant date. Settlement of the restricted stock units has been deferred, pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, until the earlier of Mr. Cheng's retirement as a director of Lear Corporation, a change in control of Lear Corporation or February 20, 2023.