VIdershain Marianne 4

What Happened
Marianne Vidershain, Vice President, Treasurer & Head of Investor Relations at Lear Corporation, had 3,054 performance shares settle on Feb 12, 2026 (award/acquisition). To cover withholding tax, 1,332 of those shares were withheld at an implied price of $136.73 per share, equal to $182,124; the net shares retained by the insider were 1,722. The award is a grant/settlement rather than an open-market purchase or a voluntary sale.

Key Details

• Transaction date: 2026-02-12 (reported on Form 4 filed 2026-02-13).
• Award: 3,054 non-derivative performance shares granted/settled (Transaction code A). Price shown for award: $0.00 (award).
• Tax withholding: 1,332 shares withheld (Transaction code F) at $136.73 per share = $182,124. Footnote indicates shares were withheld by the company to satisfy tax withholding requirements.
• Footnote: Settlement of performance shares for the three‑year performance period ending 12/31/2025 under the 2019 Lear Corporation Long‑Term Stock Incentive Plan; settlement is exempt from Section 16(b) liability per Rule 16b‑3(d).
• Shares owned after the transaction: not specified in the provided filing data.
• Filing timeliness: Report filed the next day (Feb 13), suggesting a timely filing.

Context
This was a routine performance-share settlement and a company withholding of shares to cover taxes—not an open‑market sale or a directional trade by the insider. Such award settlements are common elements of executive compensation and the withheld shares simply satisfy tax obligations; they do not necessarily signal the insider’s view on the company’s stock.