Form 4: Lear Corp Executive Gains Shares from Performance Plan

Lear Corp's SVP and President of E-Systems, Nicholas Jon Roelli, acquired 3,655 shares through a performance plan settlement, while 1,594 shares were withheld for taxes.

Summary

• Nicholas Jon Roelli, SVP and President, E-Systems of Lear Corp (LEA), reported transactions involving the company's common stock.
• On February 12, 2026, Roelli acquired 3,655 shares of common stock at a price of $0 per share.
• This acquisition represents the settlement of non-derivative performance shares for the three-year performance period ending December 31, 2025, granted under the 2019 Lear Corporation Long-Term Stock Incentive Plan.
• Concurrently, 1,594 shares of common stock were disposed of at a price of $136.73 per share to satisfy tax withholding requirements.
• Following these transactions, Roelli beneficially owns 4,675 shares of Lear Corp common stock directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive and routine event. The executive's acquisition of shares from a performance plan indicates successful achievement of prior goals, while the tax withholding is a standard, non-discretionary part of such compensation.

Positives

• The acquisition of 3,655 shares indicates the successful settlement of performance-based awards, suggesting the executive met specific performance targets over the three-year period.

Negatives

• 1,594 shares were withheld by the company to cover tax obligations, representing a reduction in the total shares received by the executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Lear Corp's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that this transaction is a routine insider filing, common across publicly traded companies, reflecting the settlement of performance-based equity awards as part of executive compensation. Such events are standard practice for incentivizing management performance aligned with shareholder interests.

Comparison to Industry Standards

• The structure of performance share awards and subsequent tax withholding is a common practice in executive compensation across various industries, including the automotive supply sector where Lear Corp operates.
• Many companies, such as Aptiv PLC (APTV) and Magna International Inc. (MGA), utilize similar long-term incentive plans to align executive interests with company performance over multi-year periods.

Stakeholder Impact

• Shareholders: The issuance of shares for compensation is a planned component of the company's equity incentive plan, with a minor dilutive effect that is generally anticipated.
• Executive (Nicholas Jon Roelli): The executive benefits from the vesting of performance shares, increasing their direct ownership in the company.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the settlement of performance shares and subsequent tax withholding. It does not provide new fundamental information about Lear Corp's operational performance, financial health, or strategic outlook that would warrant a change in investment recommendation.

Keywords

Lear Corp, LEA, Form 4, Insider Transaction, Executive Compensation, Performance Shares, Stock Award, Tax Withholding