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LEA Form 4: CEO Raymond Scott Reduces Stake by 11%

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Form 4 filing for Lear Corp. (LEA) discloses that President & CEO Raymond E. Scott, who is also a director, sold a total of 5,000 common shares on 29 Jul 2025.

  • Weighted‐average sale prices: $96.5789 for 4,354 shares, $97.8828 for 504 shares, and $98.8444 for 142 shares (detailed price ranges provided).
  • Gross proceeds ≈ $485 k.
  • Following the transactions, Scott directly owns 38,729 shares, down roughly 11% from 43,729.

No derivative transactions were reported. The filing was signed by attorney-in-fact Jacqlyn Waite on 31 Jul 2025.

While the sale is modest relative to Lear’s market capitalization and Scott retains a sizable stake, investors often monitor CEO sales for potential sentiment signals.

Positive

  • None.

Negative

  • CEO insider selling: 5,000-share sale (~11 % of direct stake) can be interpreted as a mildly negative sentiment signal.

Insights

TL;DR: CEO sold 5k shares (~11% of holdings); signal is mildly negative but not necessarily material.

The transaction equals ≈ $0.5 m, minor versus Lear’s daily trading volume and Scott’s remaining 38.7 k shares. No accompanying news or 10b5-1 indication is provided, so motive is unclear. Historically, insider sales of <20 % holdings are not strongly predictive of price moves, yet markets sometimes treat CEO disposals as cautionary. I view impact as limited unless followed by additional sales.

TL;DR: Routine insider sale; ownership drop immaterial to control; governance impact negligible.

Scott remains both CEO and director with a direct stake above typical guideline thresholds for alignment. No derivatives or unusual structures appear. Filing timeliness and price range disclosure comply with Rule 16a-3. Unless selling accelerates or coincides with negative events, governance risk remains low.

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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
SCOTT RAYMOND E

(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
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025
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 07/29/2025 S 4,354 D $96.5789(1) 39,375 D
Common Stock 07/29/2025 S 504 D $97.8828(2) 38,871 D
Common Stock 07/29/2025 S 142 D $98.8444(3) 38,729 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
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.286 to $97.23, inclusive. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $97.331 to $98.316, inclusive. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.345 to $99.008, inclusive. The reporting person undertakes to provide the registrant, any security holder of the registrant, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
/s/ Jacqlyn Waite, as Attorney-in-Fact 07/31/2025
** 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

How many Lear Corp. shares did CEO Raymond E. Scott sell?

He sold 5,000 common shares on 29 Jul 2025.

What prices did the LEA shares sell for?

Weighted-average prices were $96.5789, $97.8828, and $98.8444 across three trade lots.

How many Lear Corp. shares does the CEO still own after the sale?

Scott directly owns 38,729 LEA shares following the transactions.

Does the Form 4 mention any derivative transactions?

No, no derivative securities were acquired or disposed of in this filing.

Is this sale part of a Rule 10b5-1 trading plan?

The form does not indicate that the trades were made under a 10b5-1 plan.
Lear

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