Lear Corporation director converts 53 deferred units into common shares
Lear Corporation director equity report: A company director converted 53 deferred stock units into 53 shares of Lear Corporation common stock on 01/01/2026 at a stated price of $0 per share.
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Rhea-AI Filing Summary
Lear Corporation director equity report: A company director converted 53 deferred stock units into 53 shares of Lear Corporation common stock on 01/01/2026 at a stated price of $0 per share. These units were part of the Lear Corporation Outside Directors Compensation Plan and were converted according to the director’s prior deferral election.
Following this transaction, the director directly owns 3,837 shares of Lear common stock and continues to hold 16,657 deferred stock units, each equal in value to one share of Lear common stock. The transaction reflects routine settlement of director compensation rather than an open‑market trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 53 | $0.00 | $0.00 |
| Exercise | Common Stock | 53 | $0.00 | $0.00 |
Footnotes (3)
- F1. Conversion of twenty-fifth 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.
- F2. Each deferred stock unit is equal in value to one share of Lear Corporation common stock.
- F3. 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.
FAQ
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What insider transaction did Lear Corp (LEA) report in this Form 4?
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