Lear Corp (NYSE: LEA) CEO Raymond Scott sells 50,000 shares in market trades
Rhea-AI Filing Summary
LEAR CORP President and CEO Raymond E. Scott sold 50,000 shares of common stock in open-market transactions. The sales occurred on June 24, 2026 in four blocks at weighted-average prices between about $134.44 and $137.21 per share. All transactions were direct sales of common stock, and footnotes explain that each reported price reflects a weighted average for multiple trades within specified price ranges. One transaction line shows that Scott held 49,789 shares of common stock directly following that sale, indicating he retains a meaningful equity position.
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Insights
CEO executes sizeable open-market sale but retains a substantial stake.
The President and CEO of LEAR CORP, Raymond E. Scott, reported open-market sales totaling 50,000 shares of common stock on June 24, 2026. These are non-derivative transactions, so they directly reduce his common equity holdings rather than reflecting option exercises or compensation mechanics.
The sales were split into four blocks with weighted-average prices between about $134.44 and $137.21 per share, with footnotes noting execution across multiple trades in narrow price ranges. One reported line shows 49,789 shares held directly afterward, suggesting he continues to have notable exposure to the stock.
Because there is no indication of a related option exercise, tax withholding, or pre-arranged trading plan in the excerpt, these appear as discretionary open-market sales. Their overall significance depends on how 50,000 shares and roughly 49,789 remaining shares compare with his total wealth and the company’s share count, which is not detailed here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,316 | $134.441 | $2.19M |
| Sale | Common Stock | 22,454 | $135.402 | $3.04M |
| Sale | Common Stock | 7,884 | $136.414 | $1.08M |
| Sale | Common Stock | 3,346 | $137.211 | $459K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.948 to $134.945, inclusive. The reporting person undertakes to provide to Lear Corporation, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $134.95 to $135.94, inclusive. The reporting person undertakes to provide to Lear Corporation, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.95 to $136.945, inclusive. The reporting person undertakes to provide to Lear Corporation, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.963 to $137.50, inclusive. The reporting person undertakes to provide to Lear Corporation, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.