Lear Corp (LEA, -N, June 22nd)
Raymond Scott (CEO since 2018, joined 2000) sold 16,740 shares worth $2.4 million on the 16th June at $142.80, taking his declared shareholding down to zero. Based upon the proxy he also owns 52k vestable RSUs but with a lowest exercise price of USD$140.09 they have limited value, he also owns 48,777 Career Shares but these can only be sold on his retirement.
This large sale combined with a series of program sales during 2022-23 which brought down his holdings are concerning with the shares well below their highs.
We are ranking the stock -N.
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