Orsini Frank C 4
Research Summary
AI-generated summary
Lear (LEA) EVP Frank Orsini Sells 8,354 Shares
What Happened
- Frank C. Orsini, EVP and President, Seating at Lear Corporation (LEA), reported the sale of 8,354 shares on 2026-02-19. The reported weighted-average sale price was $136.14, producing proceeds of approximately $1,137,347. The filing lists the transaction as a sale (S), reported as open-market/private sales.
Key Details
- Transaction date: 2026-02-19 (reported on Form 4 filed 2026-02-23).
- Price: weighted average $136.14; individual trade prices ranged from $135.505 to $136.47 (footnote clarifies multiple transactions at different prices).
- Shares sold: 8,354; Proceeds: ~$1,137,347.
- Shares owned after transaction: not disclosed in the provided filing.
- Filing timeliness: Form 4 was filed on Feb 23, 2026, which meets the SEC’s two-business-day reporting requirement for this trade date.
- Footnote: The price is a weighted average; the reporting person can provide a breakdown of shares sold at each price on request.
Context
- This was a sale (often routine for insiders) rather than a purchase; sales do not necessarily indicate a change in view of the company and should be viewed alongside other insider activity and company fundamentals.