Lear Corp (NYSE: LEA) director sells 1,646 shares
Rhea-AI Filing Summary
Lear Corp director Conrad L. Mallett Jr. sold 1,646 shares of Common Stock on August 6, 2026 at $121.35 per share, described as a sale in an open market or private transaction. After this trade, he directly held 37 shares.
The filing’s Rule 10b5-1 checkbox is unchecked, indicating the transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,646 shares
Net Sell
1 txn
Insider
MALLETT CONRAD L JR
Role
Director
Sold
1,646 shs ($200K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,646 | $121.35 | $200K |
Holdings After Transaction:
Common Stock — 37 shares (Direct)
Key Figures
Shares sold: 1,646 shares
Sale price: $121.35 per share
Shares owned after sale: 37 shares
+2 more
5 metrics
Shares sold
1,646 shares
Common Stock sold on 2026-08-06
Sale price
$121.35 per share
Sale in open market or private transaction
Shares owned after sale
37 shares
Direct Common Stock holdings following the transaction
Net buy/sell shares
1,646 shares
Net shares sold across all reported transactions
Number of sell transactions
1
Sell transactions reported in this Form 4
Key Terms
Rule 10b5-1, Sale in open market or private transaction, beneficial ownership, indirect ownership
4 terms
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
beneficial ownership financial
"Footnotes may reference beneficial ownership and related disclaimers"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"direct_or_indirect uses D/I for Direct/Indirect ownership type"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LEA director Conrad L. Mallett Jr. report?
Conrad L. Mallett Jr., a director of Lear Corp (LEA), reported selling 1,646 shares of Common Stock on August 6, 2026 at $121.35 per share. After the sale, he directly held 37 shares of Lear Corp Common Stock.
Was the LEA insider stock sale under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is unchecked, so this 1,646-share sale of Lear Corp (LEA) stock at $121.35 per share was not reported as being made under a Rule 10b5-1 trading plan.
What type of transaction did the LEA Form 4 report for the director?
The Form 4 for Lear Corp (LEA) reports a code S transaction, described as a sale in open market or private transaction. It covers the sale of 1,646 Common Stock shares at $121.35 per share, leaving 37 shares directly owned.