Form 4: Autoliv Director Lissalde Reports Stock Transactions

Director Frederic Lissalde reports the vesting and grant of restricted stock units (RSUs) in Autoliv Inc.

Summary

• Frederic Lissalde, a director of Autoliv Inc. (ALV), reported transactions involving the company's stock.
• On May 10, 2024, 1,722 restricted stock units (RSUs) vested as part of the 2023-2024 annual retainer for non-employee director service, converting into common stock.
• Also on May 10, 2024, Lissalde was granted 1,226 RSUs as part of the 2024-2025 annual retainer for non-employee director service.
• These RSUs will vest and convert to shares on the earlier of Autoliv's 2025 annual stockholder meeting or May 10, 2025.
• Following these transactions, Lissalde directly owns 5,852 shares of common stock and 1,226 RSUs.

Sentiment

Score: 7

Explanation: The document reflects routine director compensation activity, which is generally neutral to slightly positive as it indicates alignment of interests with shareholders.

Positives

• The transactions reflect ongoing compensation for director service, indicating continued engagement with the company.

Future Outlook

The 1,226 RSUs granted will vest on the earlier of Autoliv's 2025 annual stockholder meeting or May 10, 2025.

Industry Context

Director stock transactions are a common occurrence in publicly traded companies and are routinely disclosed to provide transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, such as RSUs, to align their interests with those of shareholders.
• The vesting schedules for RSUs typically range from one to three years, depending on the company's compensation policies.
• Companies like Aptiv (APTV) and Magna International (MGA), which are Autoliv's competitors, also use similar equity-based compensation for their directors.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates