Lear director converts deferred units into shares

LEAR CORP director Conrad L. Mallett Jr. exercised a derivative award, converting 66 Deferred Stock Units into 66 shares of common stock on February 20, 2026 at a stated price of $0.00 per share.

Rhea-AI Filing Summary

LEAR CORP director Conrad L. Mallett Jr. exercised a derivative award, converting 66 Deferred Stock Units into 66 shares of common stock on February 20, 2026 at a stated price of $0.00 per share. These units were accrued under Lear’s Outside Directors Compensation Plan pursuant to his prior deferral election.

Insider Trade Summary

66 shares exercised/converted

Exercise 2 txns

Insider MALLETT CONRAD L JR

Role Director

Type	Security	Shares	Price	Value
Exercise	Deferred Stock Units	66	$0.00	$0.00
Exercise	Common Stock	66	$0.00	$0.00

Holdings After Transaction: Deferred Stock Units — 11,648 contracts (Direct); Common Stock — 150 shares (Direct)

Footnotes (3)

1. F1. Conversion of deferred stock units accrued under the Lear Corporation Outside Directors Compensation Plan into Issuer common stock pursuant to the Reporting Person's deferral election.
2. F2. Each deferred stock unit is equal in value to one share of the Issuer's common stock.
3. F3. The deferred stock units were accrued under the Lear Corporation Outside Directors Compensation Plan pursuant to a deferral election and are generally paid in shares of the Issuer's common stock pursuant to the Reporting Person's deferral election.

FAQ

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What insider transaction did LEAR CORP (LEA) report for Conrad L. Mallett Jr.?

LEAR CORP reported that director Conrad L. Mallett Jr. converted 66 Deferred Stock Units into 66 shares of common stock. The transaction was coded as an exercise or conversion of a derivative security under the company’s Outside Directors Compensation Plan.

Was the Lear (LEA) insider transaction a market purchase or sale of stock?

The Lear transaction was not a market buy or sell. It was an exercise or conversion of Deferred Stock Units into common shares at a stated price of $0.00, reflecting settlement of a compensation-related derivative award, not an open-market trade.

How many Lear (LEA) Deferred Stock Units did the director convert and into what?

The director converted 66 Deferred Stock Units into 66 shares of Lear common stock. Each deferred stock unit is equal in value to one share of common stock, according to the compensation plan footnotes in the Form 4 filing.

What plan governed the Deferred Stock Units in this Lear (LEA) Form 4 filing?

The Deferred Stock Units were accrued under the Lear Corporation Outside Directors Compensation Plan. They were credited pursuant to the director’s deferral election and are generally paid in shares of Lear’s common stock in accordance with that election and plan terms.

Did Conrad L. Mallett Jr. hold the Lear (LEA) shares directly after the transaction?

Yes. The Form 4 lists the ownership of both Deferred Stock Units and resulting common stock as direct. There is no footnote indicating another entity holds voting or investment power, so the reported holdings are attributed directly to the reporting person.

What does transaction code "M" mean in the Lear (LEA) Form 4?

Code “M” in this Form 4 indicates an exercise or conversion of a derivative security. Here, the director converted Deferred Stock Units into common stock under the Outside Directors Compensation Plan, rather than buying or selling shares on the open market.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/23/2026 - 04:36 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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 MI 48033

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LEAR CORP [ LEA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		M(1)		66	A	$0	150	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(2)	02/20/2026		M			66	(3)	(3)	Common Stock	66	$0	11,648	D

Explanation of Responses:

1. Conversion of deferred stock units accrued under the Lear Corporation Outside Directors Compensation Plan into Issuer common stock pursuant to the Reporting Person's deferral election.

2. Each deferred stock unit is equal in value to one share of the Issuer's common stock.

3. The deferred stock units were accrued under the Lear Corporation Outside Directors Compensation Plan pursuant to a deferral election and are generally paid in shares of the Issuer's common stock pursuant to the Reporting Person's deferral election.

Remarks:

A Form 4 for the Reporting Person that was filed on May 16, 2025 inadvertently stated the deferred stock units would be deferred until the earliest of certain events and February 20, 2027. The date should have been February 20, 2026.

	/s/Jacqlyn Waite, as Attorney-in-Fact	02/23/2026
	** Signature of Reporting Person	Date
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.
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