LEAR CORP 4
4 · LEAR CORP · Filed Feb 13, 2017
Insider Transaction Report
Form 4
LEAR CORPLEA
STEPHENS MEL
Sr VP Comm, Corp Relation & HR
Transactions
- Award
Common Stock
2017-02-10+32,215→ 76,016 total - Tax Payment
Common Stock
2017-02-10$140.45/sh−14,884$2,090,458→ 61,132 total - Award
Restricted Stock Units
2017-02-09+3,398→ 3,398 total→ Common Stock (3,398 underlying)
Footnotes (4)
- [F1]Settlement of non-derivative performance shares for the three-year performance period ending December 31, 2016, granted under the 2009 Lear Corporation Long-Term Stock Incentive Plan and exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d).
- [F2]Shares withheld by the Company to satisfy minimum tax withholding requirements.
- [F3]Converts into common stock on a 1-for-1 basis.
- [F4]The Compensation Committee certified on February 9, 2017 that Company achieved the 2016 net income performance goal for the restricted stock unit awards granted in 2016 under the Lear Corporation 2009 Long-Term Stock Incentive Plan. These restricted stock units remain subject to a time-vesting requirement and are scheduled to vest and settle in common stock on January 4, 2019.