LEA.NYSELear CORP

Form 4: Lear Corp CFO Jason Cardew Reports Stock Transactions

Sentiment:

SEC Filing Form 4

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Senior VP and CFO of Lear Corp, Jason Cardew, reports the vesting and conversion of restricted stock units and shares withheld for tax obligations.

Summary

  • On January 4, 2025, Jason Cardew, the Senior VP & CFO of Lear Corp, reported transactions involving common stock and restricted stock units.
  • Cardew converted 3,846 restricted stock units into common stock at a price of $0.
  • The company withheld 1,775 shares to satisfy tax withholding requirements at a price of $93.14 per share.
  • Following these transactions, Cardew directly owns 19,577 shares of common stock and 11,382 restricted stock units.
  • The reported restricted stock units were granted on January 2, 2025 and vest in full on January 4, 2028.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies and their officers.

Stakeholder Impact

  • The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

DateDescription
01/02/2022Restricted stock units were granted.
01/04/2025Restricted stock units vested and shares withheld for taxes.
01/02/2025Restricted stock units were granted.
01/04/2028Restricted stock units vest in full.
01/06/2025Date of the report.

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