Form 4: Autoliv Executive Kevin Fox Reports Acquisition of Performance-Based Restricted Stock Units

Kevin Fox, President of Autoliv Americas, reports the acquisition of performance-based restricted stock units and restricted stock units in Autoliv Inc.

Summary

• On September 23, 2024, Kevin Fox, President of Autoliv Americas, reported the acquisition of performance-based restricted stock units (RSUs) and restricted stock units in Autoliv Inc.
• The transactions involved dividend equivalent rights accrued in the form of additional RSUs.
• 10.283 performance-based RSUs (2022 Grant) were acquired, which will vest after the completion of the third one-year performance period ending December 31, 2024, pending certification by the Leadership Development and Compensation Committee.
• 8.0957 performance-based RSUs (2023 Grant) were acquired, which will vest after the completion of the third one-year performance period ending December 31, 2025, pending certification by the Leadership Development and Compensation Committee.
• 3.9703 Restricted Stock Units were acquired, vesting on 02/21/2025.
• 4.231 Restricted Stock Units were acquired, vesting on 02/15/2026.
• 6.6353 Restricted Stock Units were acquired, vesting on 02/20/2027.
• Following the reported transactions, Fox directly owns 1,416.4785 shares underlying the 2022 performance-based RSUs, 1,115.1863 shares underlying the 2023 performance-based RSUs, 546.9029 shares underlying the RSUs vesting on 02/21/2025, 582.819 shares underlying the RSUs vesting on 02/15/2026 and 914.0164 shares underlying the RSUs vesting on 02/20/2027.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by an executive is a routine event, but it can be interpreted as a sign of confidence in the company's future prospects.

Positives

• The acquisition of RSUs by a key executive signals confidence in the company's future performance.

Future Outlook

The performance-based RSUs are contingent upon the achievement of performance objectives and certification by the Leadership Development and Compensation Committee.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies like Autoliv. It reflects part of the company's compensation strategy to align executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages including RSUs are a standard practice among publicly traded companies, including Autoliv's competitors such as Aptiv, Magna International, and Veoneer.
• The vesting schedules and performance-based criteria are typical mechanisms used to incentivize long-term performance and retention.

Stakeholder Impact

• The acquisition of RSUs by a key executive aligns their interests with those of shareholders, potentially driving decisions that enhance shareholder value.

Key Dates