Raymond E. Scott - Feb 9, 2022 Form 4 Insider Report for LEAR CORP (LEA)

Role
President and CEO, Director
Signature
/s/ Karen Crittenden, as Attorney-in-Fact
Stock symbol
LEA
Transactions as of
Feb 9, 2022
Transactions value $
-$2,749,027
Form type
4
Date filed
2/11/2022, 10:15 AM
Previous filing
Jan 6, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Award $0 +36.5K +83.72% $0.00 80.2K Feb 9, 2022 Direct F1
transaction LEA Common Stock Tax liability -$2.75M -15.9K -19.87% $172.58 64.2K Feb 9, 2022 Direct F2

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 +21.3K $0.00 21.3K Feb 9, 2022 Common Stock 21.3K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of non-derivative performance shares for the three-year performance period ending December 31, 2021, granted under the 2009 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 Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.
F4 These "Career Share" restricted stock units ("restricted stock units") are based on a performance period from November 1, 2020 to December 31, 2021. The restricted stock units will vest on November 18, 2023 but are not converted into shares of common stock until or after age 62 or a qualifying retirement and remain subject to forfeiture for a voluntary termination prior to meeting retirement eligibility requirements.