Form 4: Lear Corp Director Smith Reports Stock Transactions

Director Greg C. Smith reports acquisition and disposal of Lear Corp stock and restricted stock units.

Summary

• Director Greg C. Smith reported transactions involving Lear Corp stock.
• On May 16, 2025, 2,255 shares of common stock were acquired through the vesting and settlement of restricted stock units at a price of $0.
• Also on May 16, 2025, 2,255 shares of common stock were disposed of.
• Smith also acquired 3,134 restricted stock units on May 16, 2025, under the Lear Corporation 2019 Long Term Stock Incentive Plan.
• These restricted stock units vest and settle in common stock on the earlier of the first anniversary of the grant date or the date of the next annual meeting of stockholders following the grant date.
• Smith indirectly owns 13,891 shares through a trust for his children, but disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.

Future Outlook

The restricted stock units vest and settle in common stock on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual meeting of stockholders following the grant date.

Management Comments

• The Reporting Person disclaims beneficial ownership of the shares held by the Trust and this report should not be deemed an admission that the Reporting Person is the beneficial owner of the Trust's shares for purposes of Section 16 or any other purpose.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the director's holdings.

Key Dates

Keywords

Form 4, insider trading, restricted stock units, stock options, beneficial ownership, Lear Corp, LEA, Greg C. Smith, director