Form 4: Autoliv Executive Kevin Fox Reports Stock Transactions Following RSU Vesting

Kevin Fox, President of Autoliv Americas, reports the acquisition and disposal of common stock and derivative securities related to the vesting of restricted stock units (RSUs) and performance-based RSUs.

Summary

• On February 21, 2025, Kevin Fox, President of Autoliv Americas, reported transactions involving Autoliv Inc. common stock and derivative securities.
• These transactions include the acquisition of 551 shares and 2,026 shares of common stock through the exercise of restricted stock units (RSUs) and performance-based restricted stock units (PSUs), respectively.
• Fox also disposed of 590 shares and 187 shares of common stock to cover tax obligations related to the vesting of these RSUs and PSUs at a price of $97.41 per share.
• The reported transactions also reflect the acquisition of additional performance-based RSUs granted in February 2022 (599.5043 units), February 2023 (640.1449 units), and February 2024 (1,003.9189 units) based on the achievement of pre-determined performance goals.
• Additionally, Fox acquired 1,014 restricted stock units on February 20, 2025, which will vest on February 20, 2028.
• Following these transactions, Fox directly owns 4,457 shares of Autoliv Inc. common stock and holds various performance-based RSUs.

Sentiment

Score: 7

Explanation: The document reflects positive performance as indicated by the vesting of performance-based RSUs, suggesting the company met its goals. However, it's a routine filing, so the sentiment is moderately positive.

Positives

• The vesting of performance-based RSUs indicates that the company achieved its performance goals related to Order Intake, Earnings Per Share, and Greenhouse Gas Emissions above the threshold level.
• The continued holding of performance-based RSUs by the executive aligns his interests with the long-term performance of the company.

Future Outlook

The performance-based RSUs granted in 2023 and 2024 will vest based on the achievement of performance goals over three-year performance periods ending in 2025 and 2026, respectively.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and aligns their interests with shareholders.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, and restricted stock units to incentivize performance and align executive interests with shareholder value.
• The vesting of performance-based RSUs based on metrics like Order Intake, Earnings Per Share, and Greenhouse Gas Emissions is a common practice to drive specific strategic objectives.
• Companies like Aptiv, Magna International, and Veoneer, which are competitors of Autoliv, also utilize similar compensation structures for their executives.

Stakeholder Impact

• The vesting of performance-based RSUs and the achievement of performance goals can positively impact shareholders by driving long-term value creation.
• Employees may be impacted positively by the achievement of company performance goals, potentially leading to bonuses or other incentives.

Key Dates

Keywords

Autoliv, Kevin Fox, Form 4, RSU, PSU, Stock Options, Beneficial Ownership, Insider Trading, Securities Exchange Act