LEA Form 4: Director Kathleen Ligocki Converts 53 Deferred Stock Units

Rhea-AI Filing Summary

Kathleen Ligocki, a director of Lear Corporation (LEA), reported routine insider activity on 10/01/2025. She had 53 deferred stock units converted into 53 shares of common stock as the 24th quarterly installment under the Lear Outside Directors Compensation Plan per her deferral election. The Form 4 shows 3,784 shares beneficially owned following the non-derivative transaction and a total of 16,710 deferred stock units reported in derivative holdings (each unit equals one share and is payable in shares under her election). The filing was signed by an attorney-in-fact on her behalf.

Positive

• Conversion executed under existing plan showing the compensation program operates as intended
• Full Section 16 disclosure filed for a director transaction, supporting transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine small-scale conversion of deferred compensation into shares; immaterial to Lear's capital structure or EPS.

The reported transaction is a standard conversion of director deferred stock units into common shares under an existing compensation plan. The amount converted, 53 shares, is small relative to typical public-company float and does not change outstanding share count materially. The filing confirms the director's use of a deferral election and the planned payout mechanism (shares rather than cash). For investors, this is an administrative compensation event rather than a signal of insider trading strategy.

Corporate Governance Expert

TL;DR: Governance practice executed as designed: director deferred units converted per plan; disclosure aligns with Section 16 requirements.

The Form 4 documents compliance with disclosure rules for changes in beneficial ownership by a director. The entry clarifies that deferred stock units accrue under the Outside Directors Compensation Plan and are payable in stock per the reporting person's prior election. The signature by attorney-in-fact indicates procedural handling of filings. No departure from standard governance or compensation practices is evident from this disclosure alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LIGOCKI KATHLEEN

(Last) (First) (Middle)

21557 TELEGRAPH ROAD

(Street)

SOUTHFIELD MI 48033

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LEAR CORP [ LEA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		M(1)		53	A	$0	3,784	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(2)	10/01/2025		M			53	(3)	(3)	Common Stock	53	$0	16,710	D

Explanation of Responses:

1. Conversion of twenty-fourth quarterly installment of deferred stock units accrued under the Lear Corporation Outside Directors Compensation Plan into shares of Lear Corporation common stock pursuant to the Reporting Person's deferral election.

2. Each deferred stock unit is equal in value to one share of Lear Corporation common stock.

3. The deferred stock units were accrued under the Lear Corporation Outside Directors Compensation Plan pursuant to a deferral election and are generally to be paid out in shares of Lear Corporation common stock pursuant to the Reporting Person's deferral election.

	/s/ Joshua Mullin, as Attorney in-Fact	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did LEA director Kathleen Ligocki report on Form 4?

She reported the conversion of 53 deferred stock units into 53 shares of Lear common stock on 10/01/2025.

How many shares does Kathleen Ligocki beneficially own after the transaction?

The Form 4 shows 3,784 shares beneficially owned following the reported non-derivative transaction.

What are deferred stock units in this filing?

Each deferred stock unit equals one share of Lear common stock and are accrued under the Lear Outside Directors Compensation Plan.

How many deferred stock units are reported after the transaction?

The filing reports 16,710 deferred stock units in derivative holdings following the reported activity.

Was the Form 4 signed by the reporting person?

The filing was executed by an attorney-in-fact (Joshua Mullin) on behalf of the reporting person on 10/01/2025.