Form 4: Lear Corp Executive Nicholas Jon Roelli Reports Stock Transactions
SEC Form 4
Nicholas Jon Roelli, SVP & President, E-Systems at Lear Corp, reports transactions involving common stock and restricted stock units.
Summary
- On January 4, 2025, Nicholas Jon Roelli, SVP & President, E-Systems at Lear Corp, executed several transactions involving Lear Corp's common stock and restricted stock units.
- These transactions included the vesting and settlement of restricted stock units into common stock, as well as the withholding of shares to satisfy tax obligations.
- Roelli acquired and disposed of common stock through the vesting of restricted stock units granted on various dates (January 4, 2022, January 3, 2023, and January 2, 2024).
- He also acquired 4,729 restricted stock units on January 2, 2025, which will vest in full on January 4, 2028.
- The price of the common stock for tax withholding purposes was $93.14 per share.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard executive stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
- The vesting schedules and tax withholding practices described in the document are standard procedures for equity compensation.
- Comparing Roelli's holdings and transactions to those of executives at similar automotive suppliers (e.g., Aptiv, Magna International) could provide insights into relative compensation structures and ownership levels.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting changes in executive ownership.
- The vesting of restricted stock units is part of the executive's compensation package, impacting their personal financial situation.
Key Dates
| Date | Description |
|---|---|
| 01/04/2022 | Date of grant for some of the restricted stock units that vested on January 4, 2025. |
| 01/03/2023 | Date of grant for some of the restricted stock units that vested on January 4, 2025. |
| 01/02/2024 | Date of grant for some of the restricted stock units that vested on January 4, 2025. |
| 01/02/2025 | Date of grant for 4,729 restricted stock units vesting on January 4, 2028. |
| 01/04/2025 | Date of transactions involving common stock and restricted stock units. |
| 01/04/2028 | Date of full vesting for 4,729 restricted stock units granted on January 2, 2025. |
| 01/06/2025 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.