MALLETT CONRAD L JR 4

What Happened

• Conrad L. Mallett Jr., a director of Lear Corporation (LEA), had 1,767 restricted stock units (RSUs) from a May 16, 2025 grant convert to common shares on May 14, 2026 (1-for-1 conversion). All 1,767 shares resulting from that conversion were disposed of (withheld) to satisfy tax withholding. On the same date he was granted 1,330 new RSUs (reported as an award/grant). All reported transactions show $0 per-share values (typical for RSU conversions and grants).

Key Details

• Transaction date: May 14, 2026.
• Conversions/exercise (code M): 1,767 shares acquired via conversion at $0.00 and 1,767 shares disposed (derivative withholding) at $0.00.
• Grant/award (code A): 1,330 RSUs granted at $0.00.
• Footnotes: The 1,767 shares reflect 1,859 RSUs granted on May 16, 2025, minus 92 RSUs deferred under the Lear Outside Directors Plan (those 92 remain deferred until retirement, change in control, or Feb 20, 2027). Each RSU converts 1-for-1 to common stock. The 1,330 RSUs were granted May 14, 2026 under the 2019 Long Term Stock Incentive Plan and vest/settle on the earlier of one year after grant or the next annual meeting.
• Shares owned after the transactions are not provided in the excerpt of the filing.
• Filing timeliness: Form 4 filed May 18, 2026 — appears timely (filed within the SEC’s reporting deadline).

Context

• This is routine director compensation activity: prior-year RSUs vested and were settled, with shares withheld to cover taxes, and a new RSU award was granted. RSU grants and tax-withholding disposals are common and do not, by themselves, indicate insider buying or selling for investment purposes.