Davis Alicia J. 4

What Happened
Alicia J. Davis, SVP and Chief Strategy Officer of Lear Corporation, was awarded 9,328 performance shares on Feb 12, 2026 (code A). The company withheld 4,068 of those shares to satisfy tax withholding (code F) at a reported per-share price of $136.73, resulting in $556,218 withheld. Based on the reported price, the total grant had an implied market value of about $1.275M and Davis received a net ~5,260 shares (worth roughly $719K at $136.73).

Key Details

• Transaction dates: Award and withholding both reported for 2026-02-12; Form 4 filed 2026-02-13.
• Awards: 9,328 shares granted (code A) at $0 acquisition price (performance share settlement).
• Withholding: 4,068 shares withheld (code F) at $136.73 each, totaling $556,218 to cover tax obligations.
• Net shares delivered to insider: 9,328 − 4,068 = 5,260 shares (approx. $719K at $136.73).
• Footnotes: F1 — settlement of non-derivative performance shares for the 3-year period ending 12/31/2025 under the 2019 LTIP (exempt under Rule 16b-3(d)). F2 — shares withheld for tax withholding.
• Shares owned following the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Reported the next day (filed 2026-02-13 for transactions on 2026-02-12).

Context
This was a company performance-share award settlement, not an open-market purchase or an exercise of options. The withholding of shares to satisfy taxes is routine and does not necessarily indicate the insider’s view of the stock.