Form 4: Autoliv Executive Jademyr Receives Stock Units as Dividend Equivalents

Per Jonas Jademyr, an Executive Vice President at Autoliv, received additional restricted stock units (RSUs) as dividend equivalents on June 12, 2024.

Summary

• Per Jonas Jademyr, an EVP at Autoliv, received additional restricted stock units (RSUs) on June 12, 2024.
• These RSUs are dividend equivalents accrued on previous grants of performance-based and regular RSUs.
• The dividend equivalents are subject to the same vesting schedule as the underlying RSUs.
• Specifically, Jademyr received 2.5999 RSUs related to the 2022 performance-based RSU grant, 5.2496 RSUs related to the 2023 performance-based RSU grant, 1.0038 RSUs related to RSUs vesting on February 21, 2025, 2.7485 RSUs related to RSUs vesting on February 15, 2026 and 2.4916 RSUs related to RSUs vesting on February 20, 2027.
• The performance-based RSUs vest after the completion of a three-year performance period and certification by the Leadership Development and Compensation Committee.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating stability and alignment of interests. The granting of dividend equivalents suggests the company is performing well enough to pay dividends.

Positives

• The receipt of dividend equivalent RSUs suggests that Autoliv is performing well enough to pay dividends, which is a positive sign for investors.

Future Outlook

The performance-based RSUs will vest based on the achievement of performance objectives certified by the Leadership Development and Compensation Committee at the end of the respective performance periods.

Industry Context

Executive compensation through stock and RSU grants is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The granting of RSUs aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.

Key Dates