Conrad L. Mallett Jr - May 19, 2022 Form 4 Insider Report for LEAR CORP (LEA)

Role
Director
Signature
/s/ Karen Crittenden, as attorney-in-fact
Stock symbol
LEA
Transactions as of
May 19, 2022
Transactions value $
$0
Form type
4
Date filed
5/23/2022, 06:07 PM
Previous filing
May 24, 2021
Next filing
May 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LEA Common Stock Options Exercise $0 +175 +29.71% $0.00 764 May 19, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LEA Restricted Stock Units Options Exercise $0 -175 -100% $0.00* 0 May 19, 2022 Common Stock 175 Direct F1, F2
transaction LEA Restricted Stock Units Award $0 +1.32K $0.00 1.32K May 19, 2022 Common Stock 1.32K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vested and settled in common stock on May 19, 2022.
F2 Each restricted stock unit is convertible into a share of common stock on a on 1-for-1 basis.
F3 The restricted stock units were granted on May 19, 2022 under the Lear Corporation 2019 Long-Term Stock Incentive Plan. The restricted stock units vest on the earlier of (i) the first anniversary of the grant date and (ii) the date of the next annual meeting of stockholders following the grant date. The restricted stock units settle in shares of common stock as follows: (i) settlement of 330 restricted stock units will occur on the applicable vesting date and (ii) settlement of 987 restricted stock units has been deferred, pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, until the earlier of Mr. Mallett's retirement as a director of Lear Corporation or a change in control of Lear Corporation.