Jepsen Mary Lou 4

What Happened

• Mary Lou Jepsen, a director of Lear Corporation (LEA), had derivative awards convert and received a grant/award on May 14, 2026. The filing shows: conversion/exercise of 1,859 derivative units into common stock (reported at $0.00) and a grant/award of 1,330 restricted stock units (RSUs) also reported at $0.00. These entries reflect RSUs vesting and settling into common shares rather than an open‑market purchase or sale.

Key Details

• Transaction date: May 14, 2026; Filing date: May 18, 2026 (filed within the Form 4 deadline).
• Reported prices: $0.00 for both the conversion (M) and the award/grant (A) — standard for RSU conversions/grants.
• Shares reported: 1,859 shares converted (derivative exercise/conversion); 1,330 RSUs granted/settled.
• Shares owned after transaction: not provided in the provided excerpt of the filing.
• Footnotes: F1 — the RSUs vested and were settled in common stock on May 14, 2026. F2 — each RSU converts 1-for-1 into common stock. F3 — the RSUs were granted under the Lear Corporation 2019 Long Term Stock Incentive Plan; they vest and settle by the earlier of one year after grant or the next annual meeting.
• No indication in the excerpt of a 10b5-1 plan, tax-withholding share surrender, or late filing.

Context

• These entries reflect equity compensation (RSUs) vesting/settling and conversion of derivative awards — routine director compensation — rather than an open-market buy or sell. Such transactions typically involve no cash purchase price and do not necessarily signal directional insider sentiment.