Form 4: Lear Corp Director Smith Reports Stock Transactions

Lear Corporation Director Greg C. Smith reported transactions involving restricted stock units and common stock, including vesting and grants.

Summary

• Greg C. Smith, a Director at Lear Corporation (LEA), reported transactions on May 14, 2026.
• 3,134 shares of common stock were acquired upon the vesting and settlement of restricted stock units (RSUs).
• These RSUs were originally granted on May 14, 2026, under the Lear Corporation 2019 Long Term Stock Incentive Plan.
• The RSUs vest and settle in common stock on the earlier of the first anniversary of the grant date or the next annual stockholder meeting.
• An additional 2,194 RSUs were granted on May 14, 2026.
• Following these transactions, Mr. Smith beneficially owns 5,389 shares of common stock directly.
• Additionally, 13,891 shares are held indirectly by the Ann Cournoyer Smith Irrev Trust for the benefit of his children, of which he is the trustee.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider stock transactions and grants rather than significant financial performance or strategic shifts.

Positives

• Director Greg C. Smith acquired 3,134 shares of common stock through the vesting of RSUs, indicating continued equity participation.
• The grant of 2,194 RSUs suggests ongoing incentive alignment between management and shareholders.
• The vesting schedule for RSUs provides a clear path for equity realization over time.

Negatives

• The filing does not contain any negative financial results or operational setbacks.

Risks

• The reporting person disclaims beneficial ownership of shares held by a trust for the benefit of his children, which could lead to future disputes or complexities regarding beneficial ownership.
• The vesting of RSUs is subject to specific conditions (first anniversary of grant or next annual meeting), which could be impacted by unforeseen company events.

Future Outlook

The filing does not contain specific forward-looking financial guidance. However, the vesting schedule for the granted RSUs implies future equity realization for the reporting person.

Management Comments

• The reporting person disclaims beneficial ownership of the shares held by the Trust for the benefit of his children and states this report should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in publicly traded companies, providing transparency into executive and director equity holdings and movements within the automotive supplier industry.

Related Party Transactions

• The filing mentions shares held indirectly by the Ann Cournoyer Smith Irrev Trust for the benefit of Reporting Person's children, with the Reporting Person acting as trustee. The Reporting Person disclaims beneficial ownership of these shares.

Stakeholder Impact

• Shareholders: Increased transparency into director's equity holdings and transactions.
• Employees: The RSU grant under the Long Term Stock Incentive Plan aligns with broader employee incentive structures.
• Management: Reinforces the alignment of executive and director interests with shareholder value through equity grants and vesting.

Next Steps

• The restricted stock units granted on May 14, 2026, will vest and settle on the earlier of the first anniversary of the grant date or the date of the next annual meeting of stockholders.

Key Dates

Keywords

SEC Form 4, Lear Corporation, LEA, Greg C. Smith, Director, Restricted Stock Units, RSU Vesting, Stock Grant, Beneficial Ownership, Insider Trading