Form 4: Autoliv Director Martin Lundstedt Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Martin Lundstedt reports acquisition of restricted stock units (RSUs) in Autoliv, Inc. through dividend equivalent rights.
Summary
- Martin Lundstedt, a director of Autoliv, Inc., filed a Form 4 to report changes in beneficial ownership.
- The report details the acquisition of restricted stock units (RSUs) due to dividend equivalent rights.
- Lundstedt acquired 7.32 RSUs on June 12, 2024, at a price of $0.
- These RSUs represent a contingent right to receive one share of ALV common stock each.
- Following the transaction, Lundstedt directly owns 1,233.32 RSUs.
- The RSUs vest and convert to shares on the earlier of Autoliv's 2025 annual stockholder meeting or May 10, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report on changes in beneficial ownership, reflecting standard compensation practices.
Future Outlook
The RSUs will vest and convert to shares on the earlier of Autoliv's 2025 annual stockholder meeting or May 10, 2025.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The acquisition of RSUs by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| May 10, 2024 | One-year anniversary date used as a potential vesting date for RSUs. |
| June 12, 2024 | Date of the transaction involving the acquisition of RSUs. |
| June 13, 2024 | Date of the Form 4 filing. |
| 2025 | Autoliv's 2025 annual stockholder meeting, a potential vesting date for RSUs. |
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