KRONE ROGER A 4

What Happened

• Roger A. Krone, a director of Lear Corporation (LEA), received 1,330 restricted stock units (RSUs) that vested and settled into common stock on May 14, 2026. The Form 4 also shows a conversion/exercise of derivative securities for 1,859 shares on the same date; those 1,859 shares were converted (acquired) and disposed the same day. All reported per-share prices are $0.00 in the filing and no cash amounts are shown.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (timely filing).
• RSUs granted/vested/settled: 1,330 shares (Footnotes F1–F3). Each RSU converts 1-for-1 into common stock; grant made under Lear’s 2019 Long Term Stock Incentive Plan. The RSUs vested and settled on the grant date.
• Derivative conversion/exercise: 1,859 shares reported as exercised/converted (code M) and disposed the same day (reported as both acquired and disposed at $0.00).
• Shares owned after transaction: not stated in the transaction excerpt of this filing.
• No 10b5-1 plan or tax-withholding detail is disclosed in the provided footnotes.

Context

• The RSU activity is an award/vesting event (not a cash purchase) — awards that vest add shares to the insider’s holdings and are generally routine for directors.
• The derivative exercise with same-day disposal indicates the converted shares were not retained; filings of acquisition + immediate disposition often reflect net/cashless settlements or prompt sales to cover obligations, but the Form 4 here reports $0.00 per share and does not show cash proceeds.
• This filing appears timely (transaction 5/14/2026; Form 4 filed 5/18/2026).