LEAR CORP — Form 10-Q
Filed October 30, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 22/100
What the filing says
Lear Corporation's Board Compensation Committee approved two plan amendments on September 23, 2026. The Annual Incentive Plan amendment clarifies pro-rata bonus eligibility for mid-year hires, terminations due to death/retirement/disability, and involuntary separations, plus salary adjustments during performance periods. The Salaried Retirement Restoration Program amendment (effective December 31, 2024) revises vesting from a fixed schedule to 3-year cliff vesting with discretionary acceleration for involuntary separations and full vesting at death, disability, or age 65.
Why this rating
Routine administrative amendments to compensation plan mechanics; no financial amounts disclosed; standard employee benefit clarifications without material business impact.
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