LEA Form 144: Proposed insider sale worth $497k, 0.009% of float
Rhea-AI Filing Summary
Lear Corporation (LEA) – Form 144 filing: An unidentified affiliate plans to sell up to 5,000 common shares, equal to roughly 0.009% of the 53.2 million shares outstanding. Using an implied price of $99.50, the aggregate market value of the proposed sale is $497,500. The shares were acquired through restricted-stock vesting on 02 Feb 2024 as compensation. The filer intends to execute the sale through Fidelity Brokerage Services on or about 29 Jul 2025, with the NYSE listed as the trading venue.
The notice states that the seller attests to having no undisclosed material adverse information about Lear and affirms compliance with Rule 144. No other sales by the filer occurred during the past three months, and no non-cash consideration was involved in acquiring the shares.
Positive
- None.
Negative
- Insider intends to sell 5,000 shares, which, while small, can be perceived as a mildly negative signal about near-term sentiment.
Insights
TL;DR: Small insider sale (~$0.5 M) under Rule 144; immaterial to float, neutral sentiment.
The filing discloses a prospective sale of 5,000 LEA shares, less than one-hundredth of one percent of shares outstanding. Such Rule 144 notices are routine when restricted or control shares become eligible for public resale. The modest size limits market impact and does not signal broad insider pessimism. Absence of prior 3-month sales and the compensation-based acquisition indicate a typical liquidity event. Investors should monitor cumulative insider activity, but this single transaction is not expected to move valuation or alter fundamentals.