Conrad L. Mallett Jr - May 20, 2021 Form 4 Insider Report for LEAR CORP (LEA)

Role
Director
Signature
/s/ Karen Crittenden, as attorney-in-fact
Stock symbol
LEA
Transactions as of
May 20, 2021
Transactions value $
$0
Form type
4
Date filed
5/24/2021, 01:52 PM
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Options Exercise $0 +589 $0.00 589 May 20, 2021 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 -589 -100% $0.00* 0 May 20, 2021 Common Stock 589 Direct F1, F2
transaction LEA Restricted Stock Units Award $0 +875 $0.00 875 May 20, 2021 Common Stock 875 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 20, 2021.
F2 Each restricted stock unit is convertible into a share of common stock on a on 1-for-1 basis.
F3 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. The restricted stock units settle in shares of common stock as follows: (i) settlement of 175 restricted stock units will occur on the applicable vesting date and (ii) settlement of 700 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 or a change in control of Lear Corporation.