Lear Corp (LEA) director granted 1,330 deferred restricted stock units
Rhea-AI Filing Summary
Lache Rod reported acquisition or exercise transactions in this Form 4 filing.
LEAR CORP director Rod Lache received a grant of 1,330 restricted stock units. These units were awarded on May 14, 2026 under the Lear Corporation 2019 Long Term Stock Incentive Plan and are convertible into common stock on a 1-for-1 basis.
The restricted stock units vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders following the grant date. Settlement of the units has been deferred under the Lear Corporation Outside Directors Compensation Plan until the earlier of Mr. Lache’s retirement as a director, a change in control of Lear Corporation, or February 20, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lache Rod
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,330 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,330 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit is convertible into common stock on a 1-for-1 basis.
- F2. 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 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. Settlement of restricted stock units has been deferred, pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, until the earlier of Mr. Lache's retirement as a director of Lear Corporation, a change in control of Lear Corporation, or February 20, 2029.
Key Figures
RSUs granted: 1,330 units
RSUs after transaction: 1,330 units
Conversion ratio: 1-for-1
+1 more
4 metrics
RSUs granted
1,330 units
Restricted stock units granted on May 14, 2026
RSUs after transaction
1,330 units
Total restricted stock units held after this grant
Conversion ratio
1-for-1
Each restricted stock unit into one share of common stock
Latest settlement date
February 20, 2029
Deferred settlement deadline under Outside Directors Compensation Plan
Key Terms
Restricted Stock Units, Long Term Stock Incentive Plan, Outside Directors Compensation Plan, change in control
4 terms
Restricted Stock Units financial
"Each restricted stock unit is convertible into common stock on a 1-for-1 basis."
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.
Long Term Stock Incentive Plan financial
"granted on May 14, 2026 under the Lear Corporation 2019 Long Term Stock Incentive Plan."
Outside Directors Compensation Plan financial
"deferred, pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, until the earlier of Mr. Lache's retirement"
change in control financial
"until the earlier of Mr. Lache's retirement as a director of Lear Corporation, a change in control of Lear Corporation, or February 20, 2029."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did LEAR CORP director Rod Lache report in this Form 4?
Director Rod Lache reported receiving a grant of 1,330 restricted stock units. These units were awarded as equity compensation under the Lear Corporation 2019 Long Term Stock Incentive Plan and are convertible into an equal number of shares of common stock on a 1-for-1 basis.
How many Lear (LEA) restricted stock units were granted to Rod Lache?
Rod Lache was granted 1,330 restricted stock units. Each unit represents the right to receive one share of Lear common stock in the future, subject to vesting and deferred settlement conditions described in the company’s equity and outside director compensation plans.
When do Rod Lache’s LEA restricted stock units vest?
The restricted stock units vest on the earlier of the first anniversary of the May 14, 2026 grant date or the next annual meeting of stockholders. This structure ties vesting either to a one-year service period or to the timing of the subsequent annual shareholder meeting.
What plans govern Rod Lache’s LEA restricted stock unit grant and deferral?
The grant was made under the Lear Corporation 2019 Long Term Stock Incentive Plan. Settlement deferral is pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, which specifies when vested units convert into common stock.