Form 4: Lear Corp Director Exercises Deferred Stock Units

Kathleen Ligocki, a director at Lear Corp, converted deferred stock units into 53 shares of common stock on January 1, 2025.

Summary

• Kathleen Ligocki, a director at Lear Corp, converted 53 deferred stock units into 53 shares of Lear Corp common stock on January 1, 2025.
• This transaction was part of the twenty-first quarterly installment of deferred stock units accrued under the Lear Corporation Outside Directors Compensation Plan.
• The deferred stock units were accrued under the plan and are generally paid out in shares of Lear Corporation common stock.
• Following the transaction, Ms. Ligocki directly owns 3,625 shares of common stock and 15,532 deferred stock units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither positive nor negative for the company's overall performance. It is a standard practice and expected.

Industry Context

This is a routine transaction related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• The conversion of deferred stock units into common stock is a standard practice for director compensation in publicly traded companies.
• Many companies use similar deferred stock unit plans as part of their overall compensation strategy for directors.
• The number of units converted is relatively small and is likely part of a regular vesting schedule.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine conversion of deferred stock units.

Key Dates

Keywords

Lear Corp, Director, Deferred Stock Units, Stock Conversion, Insider Transaction, Compensation Plan