May 16, 2024 · Form 4 insider transaction
MALLETT CONRAD L JR bought 1,337 shares of Lear Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Each restricted stock unit is convertible into a share of common stock on a 1-for-1 basis.; The restricted stock units were granted on May 16, 2024 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 or (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 1271 restricted stock units will occur on the applicable vesting date and (ii) settlement of 66 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, a change in control of Lear Corporation or February 20, 2026.