Lache Rod 4

What Happened
Lache Rod, a director of Lear Corporation (LEA), was granted 1,330 restricted stock units (RSUs) on May 14, 2026. The transaction is reported as an award/grant (code A) at $0.00 per share (derivative RSUs); no cash was paid on the grant. Each RSU converts 1-for-1 into common stock upon settlement.

Key Details

• Transaction date and type: May 14, 2026 — Grant/Award (code A). Reported price: $0.00 per RSU.
• Filing: Form 4 filed May 18, 2026 (within the standard 2-business-day reporting window).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes of note: (1) Each RSU converts 1:1 into common stock. (2) RSUs were granted under the Lear Corporation 2019 Long Term Stock Incentive Plan; they vest on the earlier of the first anniversary of the grant or the next annual meeting of stockholders. Settlement has been deferred per an election under the Lear Outside Directors Compensation Plan until the earlier of Mr. Lache’s retirement as a director, a change in control, or February 20, 2029.
• Transaction classification: derivative award (RSUs), not an open-market purchase or sale.

Context
Director RSU grants are commonly used as part of outside director compensation and do not necessarily indicate personal buying or selling sentiment. Because settlement is deferred, Mr. Lache will not receive underlying shares until a triggering event (retirement, change in control, or the specified 2029 date), so no immediate increase in tradable shares occurred.