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.

Summary

• On June 12, 2024, Kevin Fox, President of Autoliv Americas, reported the acquisition of performance-based restricted stock units (RSUs) and restricted stock units.
• These RSUs represent a contingent right to receive one share of Autoliv (ALV) common stock.
• The acquired RSUs include 8.3461 performance-based RSUs from the 2022 grant, 6.5708 performance-based RSUs from the 2023 grant, and 3.2224, 3.4341 and 5.3855 restricted stock units.
• Dividend equivalent rights accrued in the form of additional RSUs, subject to the same vesting schedule as the underlying RSUs.
• The 2022 performance-based RSUs will vest after December 31, 2024, upon certification of performance objectives.
• The 2023 performance-based RSUs will vest after December 31, 2025, upon certification of performance objectives.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of executive compensation, indicating alignment of interests but not necessarily positive or negative news.

Positives

• The acquisition of RSUs aligns the executive's interests with the company's performance and shareholder value.

Future Outlook

Vesting of the performance-based RSUs is dependent on 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 typical for publicly traded companies like Autoliv. It reflects the company's compensation strategy to incentivize executives based on performance.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units are common practice among publicly traded companies in the automotive safety industry, such as Aptiv and Veoneer.
• The vesting schedules and performance metrics associated with these RSUs are likely aligned with industry benchmarks for executive compensation.

Stakeholder Impact

• Shareholders may view the granting of RSUs as a way to align management's interests with the company's performance.
• Employees may see this as part of the overall compensation structure within the company.

Next Steps

• The Leadership Development and Compensation Committee will certify the level of achievement of the applicable performance objectives for the performance-based RSUs.

Key Dates