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Lear Corp (NYSE: LEA) director gains shares through RSU vesting and new grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LEAR CORP director Conrad L. Mallett Jr. reported routine equity compensation activity. On May 14, 2026, restricted stock units vested and were converted into 1,767 shares of Common Stock, increasing his direct Common Stock holdings to 1,873 shares.

The vested shares came from 1,859 restricted stock units granted on May 16, 2025, with 92 units deferred under the Lear Corporation Outside Directors Plan until the earlier of his retirement as a director, a change in control of Lear, or February 20, 2027. On the same date, he also received a new grant of 1,330 restricted stock units under the Lear Corporation 2019 Long Term Stock Incentive Plan, each convertible into Common Stock on a 1-for-1 basis and scheduled to vest and settle in stock on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders.

Positive

  • None.

Negative

  • None.
Insider MALLETT CONRAD L JR
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 1,767 $0.00 --
Grant/Award Restricted Stock Units 1,330 $0.00 --
Exercise Common Stock 1,767 $0.00 --
Holdings After Transaction: Restricted Stock Units — 1,767 shares (Direct, null); Common Stock — 1,873 shares (Direct, null)
Footnotes (1)
  1. The restricted stock units vested and settled in common stock on May 14, 2026. 1,859 restricted stock units were granted on May 16, 2025. These restricted stock units vested on the Transaction Date, but 92 were deferred pursuant to the Lear Corporation Outside Directors Plan until the earlier to occur of Mr. Mallett's retirement as a director, a change in control of the Issuer, or February 20, 2027. Each restricted stock unit is convertible into common stock on a 1-for-1 basis. The restricted stock units were granted on May 14, 2026, under the Lear Corporation 2019 Long Term Stock Incentive Plan. The restricted stock units vest and settle in common stock on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual meeting of stockholders following the grant date.
RSUs vested into shares 1,767 shares Restricted stock units converted to Common Stock on May 14, 2026
Common Stock held after transaction 1,873 shares Direct holdings of Conrad L. Mallett Jr. after vesting
RSUs granted in 2025 1,859 units Restricted stock units granted on May 16, 2025
Deferred RSUs 92 units Deferred under Outside Directors Plan until retirement, change in control, or February 20, 2027
New RSU grant 1,330 units Granted May 14, 2026 under 2019 Long Term Stock Incentive Plan
Conversion ratio 1-for-1 Each restricted stock unit convertible into one share of Common Stock
restricted stock units financial
"The restricted stock units vested and settled in common stock on May 14, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Outside Directors Plan financial
"92 were deferred pursuant to the Lear Corporation Outside Directors Plan until the earlier to occur of Mr. Mallett's retirement as a director..."
change in control financial
"until the earlier to occur of Mr. Mallett's retirement as a director, a change in control of the Issuer, or February 20, 2027."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
1-for-1 basis financial
"Each restricted stock unit is convertible into common stock on a 1-for-1 basis."
Long Term Stock Incentive Plan financial
"The restricted stock units were granted on May 14, 2026, under the Lear Corporation 2019 Long Term Stock Incentive Plan."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MALLETT CONRAD L JR
(Last)(First)(Middle)
21557 TELEGRAPH ROAD
(Street)
SOUTHFIELD MICHIGAN 48033
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
LEAR CORP [ LEA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock05/14/2026M1,767A$0(1)1,873D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)05/14/2026M1,767 (1) (1)Common Stock1,767$01,767D
Restricted Stock Units(2)05/14/2026A1,330 (3) (3)Common Stock1,330$01,330D
Explanation of Responses:
1. The restricted stock units vested and settled in common stock on May 14, 2026. 1,859 restricted stock units were granted on May 16, 2025. These restricted stock units vested on the Transaction Date, but 92 were deferred pursuant to the Lear Corporation Outside Directors Plan until the earlier to occur of Mr. Mallett's retirement as a director, a change in control of the Issuer, or February 20, 2027.
2. Each restricted stock unit is convertible into common stock on a 1-for-1 basis.
3. The restricted stock units were granted on May 14, 2026, under the Lear Corporation 2019 Long Term Stock Incentive Plan. The restricted stock units vest and settle in common stock on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual meeting of stockholders following the grant date.
/s/Jacqlyn Waite, as Attorney-in-Fact05/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did LEAR CORP director Conrad L. Mallett Jr. report?

Conrad L. Mallett Jr. reported equity compensation activity, including restricted stock units vesting into 1,767 shares of Common Stock and a new grant of 1,330 restricted stock units. These transactions reflect routine director compensation rather than open-market share purchases or sales.

How many LEAR CORP shares does Conrad L. Mallett Jr. hold after this Form 4?

After the vesting transaction, Conrad L. Mallett Jr. directly holds 1,873 shares of Lear Common Stock. This position reflects the conversion of previously granted restricted stock units into shares as part of his ongoing director compensation package.

What happened to the 2025 restricted stock units reported for LEAR CORP?

From the 1,859 restricted stock units granted on May 16, 2025, 1,767 units vested into Common Stock on May 14, 2026. The remaining 92 units were deferred under the Lear Corporation Outside Directors Plan until retirement, a change in control, or February 20, 2027.

What new restricted stock units did Conrad L. Mallett Jr. receive from LEAR CORP?

On May 14, 2026, he received a grant of 1,330 restricted stock units under the Lear Corporation 2019 Long Term Stock Incentive Plan. Each unit converts into one share of Common Stock, subject to vesting conditions tied to time and the next stockholder meeting.

When will the newly granted LEAR CORP restricted stock units vest?

The 1,330 restricted stock units granted on May 14, 2026 will vest and settle in Common Stock on the earlier of the first anniversary of the grant date or the date of the next annual meeting of stockholders, according to the plan terms described.

Are Conrad L. Mallett Jr.’s LEAR CORP restricted stock units 1-for-1 with Common Stock?

Yes. Each restricted stock unit referenced in the filing is convertible into Lear Common Stock on a 1-for-1 basis. This means every vested unit delivers one share, aligning the award directly with the company’s equity value over time.