Lear Corp DEF 14A: Executive Compensation Details

Ticker: LEA · Form: DEF 14A · Filed: 2024-04-03T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, governance

TL;DR

Lear Corp's 2023 proxy statement is out, detailing exec pay packages and equity awards.

AI Summary

Lear Corporation filed its DEF 14A on April 3, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on stock awards, year-end values of unvested equity awards, and changes in pension values for its PEO members. Specific dollar amounts and dates related to these compensation elements are provided within the document.

Why It Matters

This filing provides transparency into how Lear Corporation compensates its top executives, which can influence investor perceptions of management alignment and corporate governance.

Risk Assessment

Risk Level: medium — DEF 14A filings are routine disclosures, but the details within can reveal information about executive compensation practices that may impact investor sentiment and company valuation.

Key Numbers

2023 — Fiscal Year (Reporting period for executive compensation details.)
2022 — Prior Fiscal Year (Comparative data for executive compensation.)
2021 — Prior Fiscal Year (Comparative data for executive compensation.)
2020 — Prior Fiscal Year (Comparative data for executive compensation.)

Key Players & Entities

LEAR CORP (company) — Filer
20240403 (date) — Filing Date
20240516 (date) — Period of Report
2023-12-31 (date) — Fiscal Year End

FAQ

What is the primary purpose of this DEF 14A filing for Lear Corporation?

The primary purpose is to provide detailed information regarding the solicitation of proxies for the company's annual meeting of stockholders, including executive compensation, director nominations, and other corporate governance matters.

What is the fiscal year end for Lear Corporation as indicated in the filing?

The fiscal year end for Lear Corporation is December 31st (1231).

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted on April 3, 2024 (20240403).

What specific compensation-related data points are mentioned for PEO members?

The filing mentions data related to Stock Awards, Year End Value of Unvested Equity Awards Granted in Year, Change in Value of Unvested Equity Awards Granted in Prior Years, and Change in Pension Value for PEO members.

What is the SIC code for Lear Corporation?

The Standard Industrial Classification (SIC) code for Lear Corporation is 3714, which corresponds to Motor Vehicle Parts & Accessories.

From the Filing

0000842162-24-000021.txt : 20240403 0000842162-24-000021.hdr.sgml : 20240403 20240403161226 ACCESSION NUMBER: 0000842162-24-000021 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 47 CONFORMED PERIOD OF REPORT: 20240516 FILED AS OF DATE: 20240403 DATE AS OF CHANGE: 20240403 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LEAR CORP CENTRAL INDEX KEY: 0000842162 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133386776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-11311 FILM NUMBER: 24818817 BUSINESS ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48033 BUSINESS PHONE: 2484471500 MAIL ADDRESS: STREET 1: 21557 TELEGRAPH ROAD CITY: SOUTHFIELD STATE: MI ZIP: 48033 FORMER COMPANY: FORMER CONFORMED NAME: LEAR CORP /DE/ DATE OF NAME CHANGE: 19960620 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SEATING CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: LEAR SIEGLER SEATING CORP DATE OF NAME CHANGE: 19900723 DEF 14A 1 lea-20240403.htm DEF 14A lea-20240403 DEF 14A false 0000842162 0000842162 2023-01-01 2023-12-31 iso4217:USD 0000842162 ecd:PeoMember 2023-01-01 2023-12-31 0000842162 ecd:NonPeoNeoMember 2023-01-01 2023-12-31 xbrli:pure 0000842162 2022-01-01 2022-12-31 0000842162 2021-01-01 2021-12-31 0000842162 2020-01-01 2020-12-31 0000842162 1 2023-01-01 2023-12-31 0000842162 lea:ChangeInPensionValueMember ecd:PeoMember 2023-01-01 2023-12-31 0000842162 ecd:PeoMember lea:StockAwardsMember 2023-01-01 2023-12-31 0000842162 lea:YearEndValueOfUnvestedEquityAwardsGrantedInYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000842162 lea:ChangeInValueOfUnvestedEquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2023-01-01 2023-12-31 0000842162 lea:ChangeInValueOfEquityAwardsGrantedInPriorYearsWhichVestedInYearMember ecd:PeoMember 2023-01-01 2023-12-31 0000842162 lea:ChangeInPensionValueMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000842162 ecd:NonPeoNeoMember lea:StockAwardsMember 2023-01-01 2023-12-31 0000842162 ecd:NonPeoNeoMember lea:YearEndValueOfUnvestedEquityAwardsGrantedInYearMember 2023-01-01 2023-12-31 0000842162 lea:ChangeInValueOfUnvestedEquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000842162 lea:ChangeInValueOfEquityAwardsGrantedInPriorYearsWhichVestedInYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000842162 lea:ChangeInPensionValueMember ecd:PeoMember 2022-01-01 2022-12-31 0000842162 ecd:PeoMember lea:StockAwardsMember 2022-01-01 2022-12-31 0000842162 lea:YearEndValueOfUnvestedEquityAwardsGrantedInYearMember ecd:PeoMember 2022-01-01 2022-12-31 0000842162 lea:ChangeInValueOfUnvestedEquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2022-01-01 2022-12-31 0000842162 lea:ChangeInValueOfEquityAwardsGrantedInPriorYearsWhichVestedInYearMember ecd:PeoMember 2022-01-01 2022-12-31 0000842162 ecd:PeoMember 2022-01-01 2022-12-31 0000842162 lea:ChangeInPensionValueMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000842162 ecd:NonPeoNeoMember lea:StockAwardsMember 2022-01-01 2022-12-31 0000842162 ecd:NonPeoNeoMember lea:YearEndValueOfUnvestedEquityAwardsGrantedInYearMember 2022-01-01 2022-12-31 0000842162 lea:ChangeInValueOfUnvestedEquityAwardsGrantedInPriorYearsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000842162 lea:ChangeInValueOfEquityAwardsGrantedInPriorYearsWhichVestedInYearMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000842162 ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0000842162 lea:ChangeInPensionValueMember ecd:PeoMember 2021-01-01 2021-12-31 0000842162 ecd:PeoMember lea:StockAwardsMember 2021-01-01 2021-12-31 0000842162 lea:YearEndValueOfUnvestedEquityAwardsGrantedInYearMember ecd:PeoMember 2021-01-01 2021-12-31 0000842162 lea:ChangeInValueOfUnvestedEquityAwardsGrantedInPriorYearsMember ecd:PeoMember 2021-01-01 2021-12-31 0000842162 lea:ChangeInValueOfEquityAwardsGrantedInPrior