Blissett Julian G. 4

What Happened Julian G. Blissett, a director of Lear Corporation, had 1,859 restricted stock units (RSUs) vest and settle into common stock on May 14, 2026. The company withheld 637 of those shares to satisfy tax withholding at an implied price of $139.01 per share, totaling $88,549. After withholding, Blissett received a net 1,222 shares from the vesting. Separately, he was also granted 1,330 new RSUs on May 14, 2026 under Lear’s 2019 Long Term Stock Incentive Plan.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026.
• Converted/settled 1,859 RSUs into common stock (transaction code M); RSUs convert 1-for-1 into shares (F3).
• 637 shares withheld by the company to satisfy tax withholding (transaction code F) at $139.01/share = $88,549 (F2).
• New grant: 1,330 RSUs awarded (transaction code A) under the 2019 Long Term Stock Incentive Plan (F4).
• Net new shares delivered to Blissett from the vesting: 1,222 (1,859 vested − 637 withheld).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Filing timing: Form 4 was filed four days after the transaction date; Form 4s are typically due within two business days, so investors may want to note timeliness.

Context This activity is primarily RSU vesting and an award, not an open-market purchase or sale. Withholding of shares to cover taxes is a routine part of RSU settlements (similar to a cashless withholding) and does not necessarily indicate a change in insider sentiment. Codes: M = exercise/conversion of a derivative (here, RSU conversion), F = tax withholding, A = award/grant.