Conrad L. Mallett Jr. - 19 May 2022 Form 4 Insider Report for LEAR CORP (LEA)

Role: Director
Signature: /s/ Karen Crittenden, as attorney-in-fact
Issuer symbol: LEA
Transactions as of: 19 May 2022
Net transactions value: $0
Form type: 4
Filing time: 23 May 2022, 18:07:39 UTC
Previous filing: 24 May 2021
Next filing: 31 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEA	Common Stock	Options Exercise	$0	+175	+30%	$0.000000	764	19 May 2022	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	-175	-100%	$0.000000^*	0	19 May 2022	Common Stock	175		Direct	F1, F2
transaction	LEA	Restricted Stock Units	Award	$0	+1,317		$0.000000	1,317	19 May 2022	Common Stock	1,317		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 19, 2022.
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 19, 2022 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 330 restricted stock units will occur on the applicable vesting date and (ii) settlement of 987 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.