KRONE ROGER A 4

What Happened

• Roger A. Krone, a director of Lear Corporation (LEA), converted 264 deferred stock units into 264 shares of common stock. The Form 4 reports an exercise/conversion (transaction code M) showing 264 shares acquired at $0.00 and a corresponding 264-share disposition at $0.00. The conversion reflects his deferral election under the Lear Corporation Outside Directors Compensation Plan and did not involve cash proceeds.

Key Details

• Transaction date: 2026-02-20; Form 4 filed: 2026-02-23 (timely).
• Reported price: $0.00 per share for both the acquisition and disposition entries (conversion of deferred units, not a market sale).
• Shares involved: 264 deferred stock units converted into 264 shares.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–F3 state these were deferred stock units accrued under the Outside Directors Compensation Plan, each DSU equals one share, and payments are generally made in common stock per the reporting person’s deferral election.
• Transaction code meaning: M indicates exercise or conversion of a derivative/security right.

Context

• This was a conversion of deferred compensation (DSUs) into common stock, a routine administrative action for director pay rather than an open-market purchase or sale. There were no cash proceeds reported and no indication of an immediate market sale of the converted shares in this filing. Such conversions are common for directors who elect to receive stock-based compensation.