Form 4: Autoliv CEO Mikael Bratt Reports Acquisition of Performance-Based Restricted Stock Units

Autoliv's President and CEO, Mikael Bratt, reports the acquisition of performance-based restricted stock units (RSUs) as dividend equivalents.

Summary

• Mikael Bratt, President and CEO of Autoliv Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report details the acquisition of performance-based restricted stock units (RSUs) as dividend equivalents.
• On September 23, 2024, Bratt acquired 58.413 RSUs related to the 2022 grant and 46.6558 RSUs related to the 2023 grant.
• These RSUs represent a contingent right to receive one share of Autoliv common stock each.
• The RSUs vest in one installment after the completion of the third one-year performance period, ending December 31, 2024, for the 2022 grant and December 31, 2025, for the 2023 grant, pending certification by the Leadership Development and Compensation Committee.
• Following the reported transaction, Bratt beneficially owns 8,046.3846 RSUs from the 2022 grant and 6,426.8369 RSUs from the 2023 grant.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of RSUs as dividend equivalents is a routine part of executive compensation and suggests confidence in the company's performance.

Positives

• The acquisition of RSUs as dividend equivalents suggests confidence in the company's future performance, as these units vest based on performance objectives.

Future Outlook

The vesting of the RSUs is contingent upon the achievement of performance objectives by the end of 2024 and 2025, as certified by the Leadership Development and Compensation Committee.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The vesting of RSUs based on performance objectives aligns management's interests with those of shareholders.

Next Steps

• The Leadership Development and Compensation Committee will certify the level of achievement of the applicable performance objectives for the 2022 and 2023 grants.
• The RSUs will vest and convert to shares after the completion of the performance periods and committee certification.

Key Dates