Form 4: Lear Corp Executive Amy Doyle Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Amy Doyle, VP & Chief Accounting Officer of Lear Corp, reports the acquisition of 174 restricted stock units on September 1, 2024, according to a Form 4 filing.
Summary
- Amy Doyle, VP & Chief Accounting Officer at Lear Corp, filed a Form 4 with the SEC.
- The filing reports the acquisition of 174 restricted stock units on September 1, 2024.
- These restricted stock units are convertible into common stock on a 1-for-1 basis.
- The units vest in three tranches: one-third on January 4, 2025, one-third on January 4, 2026, and the final third on January 4, 2027.
Sentiment
Score: 5
Explanation: This is a neutral report of an insider transaction, with no inherent positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The acquisition of restricted stock units by a company officer can be seen as a positive sign, aligning the officer's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of transaction: Amy Doyle acquired 174 restricted stock units. |
| 01/04/2025 | One-third of the restricted stock units vest. |
| 01/04/2026 | One-third of the restricted stock units vest. |
| 01/04/2027 | Remaining one-third of the restricted stock units vest. |
| 09/04/2024 | Date of filing: Form 4 was signed on this date. |
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