Form 4: Lear Corp Director Conrad L Mallett Jr. Reports Stock Transactions
SEC Form 4 Filing
Director Conrad L Mallett Jr. reports the vesting and settlement of restricted stock units into common stock and the grant of additional restricted stock units.
Summary
- On May 16, 2025, Conrad L Mallett Jr., a director of Lear Corp, had 1,271 restricted stock units vest and settle into common stock.
- The director also acquired 1,859 restricted stock units on the same date.
- Following these transactions, Mallett directly owns 1,859 derivative securities.
- Some of the previously granted restricted stock units were deferred until the earlier of his retirement, a change in control of Lear Corp, or February 20, 2027.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company director, which is a common practice in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | 1,337 restricted stock units were granted. |
| 05/16/2025 | 1,271 restricted stock units vested and settled into common stock. |
| 05/16/2025 | 1,859 restricted stock units were granted. |
| 02/20/2027 | Deferred restricted stock units will vest if Mr. Mallett has not retired or there has been no change in control of the Issuer. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Director, LEA, Lear Corp, Mallett
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