Greg C. Smith - May 18, 2023 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 18, 2023
Transactions value $: -$277,464
Form type: 4
Date filed: 5/22/2023, 04:43 PM
Previous filing: Mar 3, 2023
Next filing: Jun 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEA	Common Stock	Options Exercise	$0	+2.22K		$0.00	2.22K	May 18, 2023	Direct	F1
transaction	LEA	Common Stock	Sale	-$250K	-2K	-90.05%	$124.94	221	May 19, 2023	Direct
transaction	LEA	Common Stock	Sale	-$27.6K	-221	-100%	$124.82	0	May 19, 2023	Direct	F3
holding	LEA	Common Stock						13.9K	May 18, 2023	By Children	F2

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	-2.22K	-100%	$0.00^*	0	May 18, 2023	Common Stock	2.22K		Direct	F1, F4
transaction	LEA	Restricted Stock Units	Award	$0	+2.39K		$0.00	2.39K	May 18, 2023	Common Stock	2.39K		Direct	F4, F5

* 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 18, 2023.
F2	Shares held by the Ann Cournoyer Smith Irrev Trust (the "Trust") for the benefit of the Reporting Person's children. The Reporting Person is the trustee of the Trust. The Reporting Person disclaims beneficial ownership of the shares held by the Trust and this report should not be deemed an admission that the Reporting Person is the beneficial owner of the Trust's shares for purposes of Section 16 or any other purpose.
F3	The price reported is a weighted average price. These shares were sold in two transactions: (i) 71 shares at $124.81; and (ii) 150 shares at $124.82.
F4	Each restricted stock unit is convertible into common stock on a 1-for-1 basis.
F5	The restricted stock units were granted on May 18, 2023, under the Lear Corporation 2019 Long Term Stock Incentive Plan. The restricted stock units vest and settle in common stock on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual meeting of the stockholders following the grant date.