MALLETT CONRAD L JR 4
4 · LEAR CORP · Filed May 24, 2021
Insider Transaction Report
Form 4
LEAR CORPLEA
MALLETT CONRAD L JR
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-05-20−589→ 0 total→ Common Stock (589 underlying) - Exercise/Conversion
Common Stock
2021-05-20+589→ 589 total - Award
Restricted Stock Units
2021-05-20+875→ 875 total→ Common Stock (875 underlying)
Footnotes (3)
- [F1]The restricted stock units vested and settled in common stock on May 20, 2021.
- [F2]Each restricted stock unit is convertible into a share of common stock on a on 1-for-1 basis.
- [F3]The restricted stock units were granted on May 20, 2021 under the Lear Corporation 2019 Long-Term Stock Incentive Plan. The restricted stock units vest on the earlier of (i) the first anniversary of the grant date and (ii) the date of the next annual meeting of stockholders following the grant date. The restricted stock units settle in shares of common stock as follows: (i) settlement of 175 restricted stock units will occur on the applicable vesting date and (ii) settlement of 700 restricted stock units has been deferred, pursuant to an election under the Lear Corporation Outside Directors Compensation Plan, until the earlier of Mr. Mallett's retirement as a director of Lear Corporation or a change in control of Lear Corporation.