secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000842162-24-000013
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lear increases buyback authorization to $1.5B, declares $0.77 quarterly dividend
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- Board declared $0.77/share quarterly dividend, payable March 27, 2024 to holders of record March 8, 2024.
- Share repurchase authorization increased to $1.5B and extended through December 31, 2026.
- At end 2023, $916M remained under prior authorization; new authorization equals ~19% of market cap.
- Since 2011, Lear has returned $5.2B to shareholders, repurchasing ~53% of shares outstanding at program start.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000013/0000842162-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000013/lear-20240216.htm
  HTML page:      https://secwatch.observer/filing/0000842162-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer