Form 4: Lear Corp Director Ligocki Acquires Shares Through Deferred Stock Unit Conversion

Director Kathleen Ligocki acquired 53 shares of Lear Corp common stock on October 1, 2024, through the conversion of deferred stock units.

Summary

• Kathleen Ligocki, a director at Lear Corp, acquired 53 shares of common stock on October 1, 2024.
• The acquisition resulted from the conversion of deferred stock units accrued under the Lear Corporation Outside Directors Compensation Plan.
• The conversion represents the twentieth quarterly installment of deferred stock units.
• Following the transaction, Ligocki directly owns 3,572 shares of common stock and 15,585 deferred stock units.
• Each deferred stock unit is equal in value to one share of Lear Corporation common stock and will be paid out in shares of Lear Corporation common stock pursuant to the Reporting Person's deferral election.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a small acquisition of shares by a director.

Key Dates