Mei Wei Cheng - May 18, 2023 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 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/22/2023, 03:43 PM
Previous filing: Feb 21, 2023
Next filing: Feb 22, 2024

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	+1.42K		$0.00	1.42K	May 18, 2023	Common Stock	1.42K		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 on a 1-for-1 basis.
F2	The restricted stock units were granted on May 18, 2023 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. 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, 2025.

Content

Converts into common stock on a 1-for-1 basis.

The restricted stock units were granted on May 18, 2023 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. 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, 2025.