Form 4: Lear Corp Director Sells Shares in Recent Transaction
SEC Form 4 Filing
Director Greg C. Smith sold 2,392 shares of Lear Corp common stock at a price of $123.86 on May 23, 2024.
Summary
- On May 23, 2024, Greg C. Smith, a director of Lear Corp, sold 2,392 shares of common stock at $123.86 per share.
- Following the transaction, Smith directly owns no shares of common stock.
- Smith indirectly owns 13,891 shares through a trust for his children.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This transaction is a routine disclosure of a director's stock sale and doesn't necessarily indicate a broader trend within the automotive industry or Lear Corp's specific market.
Stakeholder Impact
- The sale of shares by a director could have a minor psychological impact on shareholders, but the transaction is unlikely to have a significant material impact on the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of the stock sale transaction. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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