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 April 1, 2024, through the conversion of deferred stock units.

Summary

• On April 1, 2024, Kathleen Ligocki, a director of Lear Corp, acquired 53 shares of common stock.
• The acquisition resulted from the conversion of deferred stock units accrued under the Lear Corporation Outside Directors Compensation Plan.
• The conversion represents the eighteenth quarterly installment of deferred stock units.
• Following the transaction, Ligocki directly owns 3,466 shares of common stock and 14,272 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: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director increasing their stake in the company through previously awarded compensation. It indicates confidence in the company's future.

Future Outlook

The deferred stock units are generally to be paid out in shares of Lear Corporation common stock pursuant to the Reporting Person's deferral election.

Industry Context

This filing reflects routine compensation practices for board members, aligning their interests with those of shareholders through equity-based compensation.

Stakeholder Impact

• The transaction signals to shareholders that a director has a vested interest in the company's performance.

Key Dates