Lear Corp (LEA) SVP & CFO discloses RSU grant and stock withholding
Rhea-AI Filing Summary
Lear Corp’s SVP and CFO reported equity awards and share transactions. On January 2, 2026, the executive received 11,870 restricted stock units (RSUs), each convertible into one share of common stock, with one-third vesting on January 4, 2027, one-third on January 4, 2028, and the final third on January 4, 2029.
On January 4, 2026, 8,103 RSUs from a January 3, 2023 grant vested and were converted into common stock at an exercise price of $0. To cover tax withholding, 3,615 shares were withheld by the company at a price of $118.61 per share. Following these transactions, the officer directly owned 19,732 shares of Lear Corp common stock.
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FAQ
What insider transaction did Lear Corp (LEA) report in this Form 4?
The filing shows Lear Corp’s SVP and CFO acquired shares through the vesting and conversion of previously granted restricted stock units (RSUs), along with a new RSU grant.
How many restricted stock units did the Lear Corp SVP and CFO receive?
On January 2, 2026, the executive received 11,870 RSUs, each convertible into one share of Lear Corp common stock.
What are the vesting dates for the 11,870 Lear Corp RSUs granted in 2026?
One-third of the 11,870 RSUs vests on January 4, 2027, another third on January 4, 2028, and the remaining third on January 4, 2029.
What happened when Lear Corp RSUs from 2023 vested in January 2026?
RSUs granted on January 3, 2023 vested in full on January 4, 2026, resulting in 8,103 shares of common stock being acquired at an exercise price of $0.
Why were 3,615 Lear Corp shares withheld in this insider transaction?
3,615 shares were withheld by Lear Corp on January 4, 2026 to satisfy tax withholding requirements at a price of $118.61 per share.
How many Lear Corp shares does the SVP and CFO own after these transactions?
After the reported transactions, the SVP and CFO beneficially owned 19,732 shares of Lear Corp common stock directly.
How are Lear Corp restricted stock units structured in this filing?
Each restricted stock unit is convertible into one share of Lear Corp common stock on a 1-for-1 basis, with vesting schedules specified in the award terms.