Lear Corp (LEA) CEO discloses stock vesting, tax shares and new RSUs
Rhea-AI Filing Summary
Lear Corp's President and CEO, who is also a director, reported equity award activity involving company common stock. On January 4, 2026, 22,701 shares of common stock were acquired at $0 per share through the vesting and settlement of previously granted restricted stock units. On the same date, 9,979 shares were withheld by the company at a price of $118.61 per share to satisfy tax withholding obligations, leaving the reporting person with 51,451 shares of common stock held directly.
In addition, on January 2, 2026, the reporting person received a new grant of 36,383 restricted stock units, each convertible into one share of common stock. One-third of these units vest on January 4, 2027, one-third on January 4, 2028, and the remaining one-third on January 4, 2029. A prior restricted stock unit grant from January 3, 2023 fully vested on January 4, 2026, resulting in the 22,701-share acquisition at $0 per share noted above.
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FAQ
What insider transactions did LEAR CORP (LEA) report for its CEO?
The President and CEO of Lear Corp (LEA), who is also a director, reported the vesting of restricted stock units into 22,701 shares of common stock on January 4, 2026, and the withholding of 9,979 shares to cover taxes, resulting in direct ownership of 51,451 shares.
How many Lear Corp (LEA) shares does the CEO own after the latest transactions?
Following the reported transactions on January 4, 2026, the reporting person beneficially owns 51,451 shares of Lear Corp common stock held directly.
What new equity award did the Lear Corp (LEA) CEO receive in January 2026?
On January 2, 2026, the reporting person received a grant of 36,383 restricted stock units, each convertible into one share of Lear Corp common stock, vesting in three equal installments on January 4, 2027, January 4, 2028, and January 4, 2029.
Why were some Lear Corp (LEA) shares disposed of in the CEO’s filing?
The filing states that 9,979 shares of Lear Corp common stock were withheld by the company at $118.61 per share to satisfy tax withholding requirements in connection with the vesting of restricted stock units.
What happened to the Lear Corp (LEA) restricted stock units granted in January 2023?
Restricted stock units granted on January 3, 2023 fully vested on January 4, 2026. Each unit converted into one share of Lear Corp common stock, resulting in the acquisition of 22,701 shares at $0 per share, after which no units from that grant remained outstanding.
How do Lear Corp (LEA) restricted stock units reported here convert into common stock?
The filing explains that each restricted stock unit reported is convertible into one share of Lear Corp common stock on a 1-for-1 basis, upon the applicable vesting dates.