Lear Corp (LEA) CFO Cardew reports stock grant and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lear Corporation senior vice president and CFO Jason M. Cardew reported equity award activity involving the company’s common stock. On February 12, 2026, he acquired 23,067 shares of common stock at $0 per share as a grant described as the settlement of non-derivative performance shares for a three-year performance period under Lear’s long‑term stock incentive plan.
On the same date, 10,058 shares were disposed of at $136.73 per share, with the filing explaining these shares were withheld by Lear to satisfy tax withholding requirements related to the award. After these transactions, Cardew directly beneficially owned 32,741 shares of Lear common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cardew Jason M
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,067 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,058 | $136.73 | $1.38M |
Holdings After Transaction:
Common Stock — 42,799 shares (Direct)
Footnotes (1)
- Settlement of non-derivative performance shares for the three-year performance period ending December 31, 2025, granted under the 2019 Lear Corporation Long-Term Stock Incentive Plan, as amended and restated, and exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d). Shares withheld by the Company to satisfy tax withholding requirements.
FAQ
What insider transactions did LEAR CORP (LEA) CFO Jason M. Cardew report on February 12, 2026?
Jason M. Cardew reported acquiring 23,067 shares of Lear common stock through a grant and disposing of 10,058 shares. The disposed shares were withheld by Lear Corporation to cover tax withholding obligations tied to the equity award settlement under its long-term incentive plan.
What role does Jason M. Cardew hold at LEAR CORP (LEA) according to the Form 4 filing?
Jason M. Cardew is identified as an officer of Lear Corporation, serving as senior vice president and chief financial officer. The filing indicates he is not a director and not a 10% owner, and the transactions reported reflect his direct beneficial ownership of common stock.
Does Jason M. Cardew’s Form 4 for LEAR CORP (LEA) involve any derivative securities?
The Form 4 table for derivative securities shows no entries, indicating no derivative security acquisitions or dispositions were reported. The activity disclosed relates only to non-derivative common stock tied to the settlement of performance shares and associated tax withholding share reductions.