Form 4: Lear Corp Director Sells Shares Under Pre-Arranged Trading Plan

Conrad L. Mallett Jr., a director at Lear Corp (LEA), sold 1,187 shares of common stock for $92.855 per share on June 16, 2025, as part of a Rule 10b5-1 trading plan.

Summary

• Conrad L. Mallett Jr., a Director of Lear Corp (LEA), reported a sale of common stock.
• The transaction involved the disposition of 1,187 shares of Lear Corp common stock.
• The shares were sold at a price of $92.855 per share.
• The transaction date was June 16, 2025.
• Following this transaction, Mr. Mallett directly beneficially owns 84 shares of Lear Corp common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sale of shares by a director is generally a negative signal, but the fact that it was conducted under a Rule 10b5-1 plan mitigates the negative sentiment, suggesting it was a pre-scheduled event rather than a reaction to new, negative information. Therefore, it's neutral to slightly negative.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on immediate, non-public information.

Negatives

• A director, Conrad L. Mallett Jr., sold 1,187 shares of common stock.
• The sale reduced his direct beneficial ownership from an unspecified prior amount to 84 shares.

Risks

• While the sale was under a 10b5-1 plan, significant insider selling, even pre-scheduled, can sometimes be interpreted by the market as a lack of confidence in the company's future prospects.

Future Outlook

NA

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders may interpret the director's sale of shares, even under a 10b5-1 plan, as a signal regarding the director's personal financial planning or long-term outlook on the company's stock performance.

Key Dates

Keywords

Lear Corp, LEA, Form 4, Insider Trading, Director Stock Sale, Beneficial Ownership, Rule 10b5-1 Plan, Conrad L. Mallett Jr.