Form 4: Autoliv EVP Anthony Nellis Reports Stock Transactions Following RSU Vesting

EVP Legal and General Counsel of Autoliv, Anthony J Nellis, reports the vesting and conversion of restricted stock units (RSUs) and performance-based restricted stock units (PSUs) into common stock, along with subsequent dispositions to cover tax obligations.

Summary

• Anthony J Nellis, EVP Legal and General Counsel of Autoliv, reported transactions involving Autoliv common stock on February 20 and 21, 2025.
• These transactions include the vesting of restricted stock units (RSUs) and performance-based restricted stock units (PSUs).
• 551 RSUs and 2,026 PSUs were converted into common stock.
• A portion of the shares obtained from the vesting of RSUs and PSUs were then disposed of to satisfy tax obligations, with 587 and 187 shares disposed of at a price of $97.41.
• Following these transactions, Nellis directly owns 8,137 shares of Autoliv common stock.
• Nellis also holds derivative securities including 1,014 Restricted Stock Units, 1,939.321 Performance-Based Restricted Stock Units (2023 Grant), and 878.5689 Performance-Based Restricted Stock Units (2024 Grant).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of performance-based RSUs suggests the company is meeting its performance goals. The transactions themselves are routine and expected.

Positives

• The vesting of performance-based RSUs indicates that the company achieved pre-determined performance goals related to Order Intake, Earnings Per Share, and Greenhouse Gas Emissions above the threshold level for the performance periods ending December 31, 2024.

Future Outlook

The performance-based RSUs granted in February 2023 and 2024 are subject to performance conditions over the next few years, with vesting contingent upon continued employment and achievement of performance goals.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The vesting of RSUs and PSUs aligns executive compensation with company performance, potentially benefiting shareholders.
• The transactions have a minimal direct impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Autoliv, ALV, Anthony Nellis, Restricted Stock Units, Performance-Based Restricted Stock Units, RSU, PSU, Form 4, Insider Trading, Beneficial Ownership