Greg C. Smith - 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 $
-$277,464
Form type
4
Date filed
5/22/2023, 04:43 PM
Previous filing
Mar 3, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Options Exercise $0 +2.22K $0.00 2.22K May 18, 2023 Direct F1
transaction LEA Common Stock Sale -$250K -2K -90.05% $124.94 221 May 19, 2023 Direct
transaction LEA Common Stock Sale -$27.6K -221 -100% $124.82 0 May 19, 2023 Direct F3
holding LEA Common Stock 13.9K May 18, 2023 By Children 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 Options Exercise $0 -2.22K -100% $0.00* 0 May 18, 2023 Common Stock 2.22K Direct F1, F4
transaction LEA Restricted Stock Units Award $0 +2.39K $0.00 2.39K May 18, 2023 Common Stock 2.39K Direct F4, F5
* 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 Shares held by the Ann Cournoyer Smith Irrev Trust (the "Trust") for the benefit of the Reporting Person's children. The Reporting Person is the trustee of the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust and this report should not be deemed an admission that the Reporting Person is the beneficial owner of the Trust's shares for purposes of Section 16 or any other purpose.
F3 The price reported is a weighted average price. These shares were sold in two transactions: (i) 71 shares at $124.81; and (ii) 150 shares at $124.82.
F4 Each restricted stock unit is convertible into common stock on a 1-for-1 basis.
F5 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 and settle in common stock on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual meeting of the stockholders following the grant date.