Conrad L. Mallett Jr - 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, 04:09 PM
Previous filing
May 31, 2022
Next filing
May 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Options Exercise $0 +330 $0.00 330 May 18, 2023 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 -330 -100% $0.00* 0 May 19, 2022 Common Stock 330 Direct F1, F2
transaction LEA Restricted Stock Units Award $0 +1.42K $0.00 1.42K May 18, 2023 Common Stock 1.42K 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 18, 2023.
F2 Each restricted stock unit is convertible into common stock on a 1-for-1 basis.
F3 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. The restricted stock units settle in shares of common stock as follows: (i) settlement of 1,278 restricted stock units will occur on the applicable vesting date and (ii) settlement of 141 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.