Lear (LEA) director Greg C. Smith logs RSU vesting, stock grant, and trust-held shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LEAR CORP director Greg C. Smith reported routine equity compensation activity. On May 14, 2026, 3,134 restricted stock units vested and were converted into 3,134 shares of common stock, increasing his direct holdings to 5,389 common shares.
On the same date, he received a new grant of 2,194 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 on the earlier of the first anniversary of the grant date or the next annual stockholder meeting. Separately, 13,891 common shares are held by the Ann Cournoyer Smith Irrevocable Trust for the benefit of his children; he serves as trustee and disclaims beneficial ownership of those trust shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,134 shares exercised/converted
Mixed
4 txns
Insider
SMITH GREG C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,134 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,194 | $0.00 | -- |
| Exercise | Common Stock | 3,134 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 5,389 shares (Direct, null);
Common Stock — 13,891 shares (Indirect, By children)
Footnotes (1)
- The restricted stock units vested and settled in common stock on May 14, 2026. Shares held by the Ann Cournoyer Smith Irrev Trust (the "Trust") for the benefit of Reporting Person's children. Reporting Person is the trustee of the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust and this report should not be deemed an admission that the Reporting Person is the beneficial owner of the Trust's shares for purposes of Section 16 or any other purpose. 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.
Key Figures
RSUs vested and converted: 3,134 units/shares
Direct common shares after transactions: 5,389 shares
New RSU grant: 2,194 units
+2 more
5 metrics
RSUs vested and converted
3,134 units/shares
Restricted stock units vested and settled in common stock on May 14, 2026
Direct common shares after transactions
5,389 shares
Total LEAR CORP common stock directly held following Form 4 transactions
New RSU grant
2,194 units
Restricted stock units granted on May 14, 2026 under 2019 Long Term Stock Incentive Plan
RSU conversion ratio
1-for-1
Each restricted stock unit convertible into one share of common stock
Indirect trust-held common shares
13,891 shares
Shares held by Ann Cournoyer Smith Irrevocable Trust for benefit of children
Key Terms
Restricted Stock Units, Exercise or conversion of derivative security, Grant, award, or other acquisition, Irrev Trust, +2 more
6 terms
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Irrev Trust financial
"Shares held by the Ann Cournoyer Smith Irrev Trust (the "Trust") for the benefit"
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares held by the Trust"
Long Term Stock Incentive Plan financial
"granted on May 14, 2026, under the Lear Corporation 2019 Long Term Stock Incentive Plan."
FAQ
What insider transactions did LEAR CORP (LEA) director Greg C. Smith report?
Greg C. Smith reported equity compensation activity, not open-market trades. 3,134 restricted stock units vested into common shares and a new grant of 2,194 restricted stock units was awarded, all as part of Lear’s long-term incentive plan.
What new restricted stock units did Greg C. Smith receive from LEAR CORP?
He received 2,194 restricted stock units on May 14, 2026 under Lear Corporation’s 2019 Long Term Stock Incentive Plan. Each unit converts into one share of common stock and vests on the earlier of the first anniversary or the next annual stockholder meeting.
When did Greg C. Smith’s LEAR CORP restricted stock units vest and settle?
A tranche of 3,134 restricted stock units vested and settled in LEAR CORP common stock on May 14, 2026. This conversion increased his direct common stock holdings, as reported in the Form 4 filing’s non-derivative transaction table and related footnotes.
How are Greg C. Smith’s restricted stock units in LEAR CORP structured?
Each restricted stock unit is convertible into LEAR CORP common stock on a 1-for-1 basis. Vested units convert into common shares, while newly granted units typically vest on set dates tied to the grant date or the company’s next annual stockholder meeting.