Lear Corp (LEA) CFO sells 9,500 shares under Rule 10b5-1 trading plan
Rhea-AI Filing Summary
Lear Corp SVP and CFO Jason M. Cardew sold 9,500 shares of common stock in open-market transactions under a pre-arranged Rule 10b5-1 trading plan. On June 1, 2026, he sold 4,500 shares at prices of $141.14 per share. On June 2, 2026, he sold 5,000 shares at prices of $145.00 and $150.00 per share. After these sales, Cardew directly holds 13,241 Lear shares. The filing notes that the trading plan was adopted on March 2, 2026 and became effective after the required cooling-off period, with Cardew exercising no discretion over the timing of these trades.
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Insider Trade Summary 10b5-1
Net Seller: 9,500 shares
Net Sell
4 txns
Insider
Cardew Jason M
Role
SVP and CFO
Sold
9,500 shs ($1.37M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,500 | $145.00 | $363K |
| Sale | Common Stock | 2,500 | $150.00 | $375K |
| Sale | Common Stock | 2,500 | $141.14 | $353K |
| Sale | Common Stock | 2,000 | $141.14 | $282K |
Holdings After Transaction:
Common Stock — 13,241 shares (Direct)
Footnotes (1)
- F1. The reported transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 2, 2026, which provides for pre-arranged transactions and became effective following the applicable cooling-off period. The reporting person did not exercise any discretion over these transactions.
Key Figures
Total shares sold: 9,500 shares
Sale price 1: $141.14 per share
Sale price 2: $145.00 per share
+3 more
6 metrics
Total shares sold
9,500 shares
Net shares sold across four open-market transactions in June 2026
Sale price 1
$141.14 per share
Common stock sales on June 1, 2026
Sale price 2
$145.00 per share
Common stock sale on June 2, 2026
Sale price 3
$150.00 per share
Common stock sale on June 2, 2026
Shares held after transactions
13,241 shares
Direct Lear common stock ownership after reported sales
Plan adoption date
March 2, 2026
Date CFO adopted Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, open-market sale, cooling-off period, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The reported transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
cooling-off period regulatory
"became effective following the applicable cooling-off period"
A cooling-off period is a temporary pause around a planned securities offering or major corporate action during which the company, underwriters and insiders limit promotional statements and certain transactions so investors can review official documents and regulators can assess disclosures. It matters to investors because it reduces the risk of decisions driven by hype, gives time to read the prospectus and legal filings, and helps ensure a fairer, more orderly market — like a mandatory waiting period before a big sale so buyers can compare facts calmly.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Lear Corp (LEA) CFO Jason Cardew report in this Form 4?
Lear Corp SVP and CFO Jason M. Cardew reported selling 9,500 shares of common stock in open-market transactions. These trades occurred on June 1 and June 2, 2026 at prices between $141.14 and $150.00 per share under a pre-arranged Rule 10b5-1 plan.
On what dates did the Lear Corp (LEA) CFO execute these stock sales?
Jason Cardew’s reported stock sales took place on June 1, 2026 and June 2, 2026. Across those two days, he completed four open-market transactions in Lear common stock pursuant to a previously adopted Rule 10b5-1 trading plan.