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

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

Summary

• On March 27, 2024, Kevin Fox, President of Autoliv Americas, reported the acquisition of several types of Restricted Stock Units (RSUs) in Autoliv Inc.
• These include performance-based RSUs from the 2022 and 2023 grants, as well as regular RSUs.
• The performance-based RSUs vest after the completion of a three-year performance period and certification by the Leadership Development and Compensation Committee.
• The regular RSUs have various vesting dates in 2025, 2026 and 2027.
• The reported transactions did not involve any purchase or sale of securities, but rather the acquisition of rights to receive shares of ALV common stock in the future.
• Following these transactions, Mr. Fox directly owns 1,397.8494 performance-based restricted stock units from the 2022 grant, 1,100.5198 performance-based restricted stock units from the 2023 grant, 539.7102 restricted stock units vesting 02/21/2025, 575.1539 restricted stock units vesting 02/15/2026 and 901.9956 restricted stock units vesting 02/20/2027.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation. The acquisition of RSUs is generally a positive sign, but it's not a major event.

Positives

• The acquisition of RSUs by a key executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The performance-based RSUs will vest based on the achievement of performance objectives over a three-year period, indicating a focus on long-term performance.

Industry Context

Executive compensation in the automotive safety industry often includes stock-based awards to align management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of RSUs aligns the executive's interests with those of the shareholders.
• The vesting of performance-based RSUs is tied to the company's performance, potentially impacting shareholder value.

Next Steps

• The performance-based RSUs will vest upon the completion of the performance period and certification by the Leadership Development and Compensation Committee.
• The regular RSUs will vest on their respective vesting dates.

Key Dates