Form 4: Lear Corp Executive Vests Performance Shares

Lear Corp's SVP & Chief Admin Officer, Harry Albert Kemp, acquired 12,110 common shares from performance share settlement and disposed of 5,281 shares for tax withholding.

Summary

• Harry Albert Kemp, SVP & Chief Admin Officer of Lear Corp, reported changes in his beneficial ownership of common stock.
• On February 12, 2026, Mr. Kemp acquired 12,110 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.
• On the same date, Mr. Kemp disposed of 5,281 shares of common stock at a price of $136.73 per share.
• These disposed shares were withheld by Lear Corp to satisfy tax withholding requirements related to the performance share settlement.
• Following these transactions, Mr. Kemp beneficially owns 24,423 shares of Lear Corp common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine disclosure of executive compensation, reflecting standard vesting and tax withholding, with no significant positive or negative implications for the company's operational or financial performance.

Positives

• The acquisition of 12,110 shares reflects the successful vesting of performance shares, indicating that performance targets for the three-year period ending December 31, 2025, were met.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that routine Form 4 filings detailing executive compensation, including the vesting of performance shares and subsequent tax withholding, are common occurrences across publicly traded companies, particularly within the automotive supplier industry, reflecting standard long-term incentive plans designed to align executive interests with shareholder value.

Stakeholder Impact

• Shareholders: The filing reflects standard executive compensation practices and the execution of a long-term stock incentive plan, which aims to align management incentives with shareholder returns.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of performance shares and subsequent tax withholding. It does not provide new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is maintained, pending further substantive corporate announcements.

Keywords

Lear Corp, LEA, Form 4, Insider Transaction, Executive Compensation, Performance Shares, Stock Vesting, Harry Albert Kemp