Form 4: Autoliv EVP Finance and CFO Fredrik Westin Reports Acquisition of Performance-Based Restricted Stock Units

Fredrik Westin, EVP Finance and CFO of Autoliv Inc, reports the acquisition of performance-based restricted stock units and restricted stock units.

Summary

• On March 24, 2025, Fredrik Westin, the EVP Finance and CFO of Autoliv Inc, reported the acquisition of several types of restricted stock units (RSUs).
• These include 18.7292 performance-based RSUs from the 2023 grant, 5.7149 performance-based RSUs from the 2024 grant, 6.2431 restricted stock units, 5.243 restricted stock units, and 5.9636 restricted stock units.
• The acquisition of these RSUs did not involve any monetary transaction, as the price per derivative security is reported as $0.
• The performance-based RSUs vest after the completion of a three-year performance period and certification by the Leadership Development and Compensation Committee.
• The restricted stock units vest on February 15, 2026, February 20, 2027 and February 21, 2028.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices and aligns executive interests with shareholder value. There are no overtly negative implications.

Positives

• The acquisition of RSUs aligns the executive's interests with those of the shareholders, as the value of the RSUs is tied to the company's performance.
• The vesting conditions for the performance-based RSUs incentivize long-term performance and achievement of specific objectives.

Risks

• The value of the RSUs is subject to the volatility of Autoliv's stock price.
• The performance-based RSUs are contingent upon the achievement of specific performance objectives, which may not be met.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the RSUs.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects a component of executive pay that is tied to company performance and stock value.

Comparison to Industry Standards

• Granting restricted stock units is a common practice in executive compensation packages among publicly traded companies, including Autoliv's competitors such as Aptiv, Magna International, and Veoneer.
• The vesting schedules and performance-based criteria are generally aligned with industry standards to incentivize long-term value creation and retention of key executives.
• The specific number of RSUs granted and the performance metrics used would be benchmarked against peer companies to ensure competitiveness and alignment with company goals.

Stakeholder Impact

• Shareholders may view the RSU grants positively as they align executive compensation with company performance.
• Employees may see this as a standard part of executive compensation, potentially impacting morale neutrally.

Key Dates

Keywords

Autoliv, Fredrik Westin, EVP Finance, CFO, Restricted Stock Units, RSU, Performance-Based, Beneficial Ownership, Form 4