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AUTOLIV INC — Director's Dealing 2023
Feb 17, 2023
30630_dirs_2023-02-17_a9ed8486-7fc8-4284-b3d0-de69472ee611.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AUTOLIV INC (ALV)
CIK: 0001034670
Period of Report: 2023-02-15
Reporting Person: Swahn Christian (See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-15 | Common Stock | M | 803 | $0.00 | Acquired | 1822 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-15 | Performance-Based Restricted Stock Units (2020 Grant) | $0.00 | M | 803.2181 | Disposed | 2023-02-15 | Common Stock (803.2181) | Direct |
| 2023-02-15 | Performance-Based Restricted Stock Units (2021 Grant) | $0.00 | A | 82.0616 | Acquired | Common Stock (82.0616) | Direct | |
| 2023-02-15 | Performance-Based Restricted Stock Units (2022 Grant) | $0.00 | A | 328.0316 | Acquired | Common Stock (328.0316) | Direct | |
| 2023-02-15 | Restricted Stock Unit | $0.00 | A | 515 | Acquired | 2026-02-15 | Common Stock (515) | Direct |
Footnotes
F1: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ALV common stock.
F2: Fractional RSUs are rounded down to the nearest whole number at vesting, the fractional amount is forfeited.
F3: PSU awards granted in February 2020 are comprised of a single three-year performance period (2020-2022) cliff vesting in February 2023, to the extent earned and subject to the reporting person's continued employment. Reflects the PSUs that were earned based on the level of achievement of pre-determined performance goals related to (i) Order Intake (30%), and (ii) Earnings Per Share Growth in relation to light vehicle production (70%). The goals were achieved above the threshold level.
F4: PSU awards granted in February 2021 are comprised of three separate one-year performance periods for each of calendar years 2021, 2022 and 2023. All PSUs will vest following 2023, to the extent earned and subject to the reporting person's continued employment. Reflects the PSUs that were earned over the second one-year performance period (January 1, 2022 - December 31, 2022) based on the level of achievement of pre-determined performance goals related to (i) Order Intake (30%), and (ii) Earnings Per Share (70%). The goals were achieved above the threshold level.
F5: The PSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the three-year performance period ending December 31, 2023 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives.
F6: PSU awards granted in February 2022 are comprised of three separate one-year performance periods for each of calendar years 2022, 2023 and 2024. All PSUs will vest following 2024, to the extent earned and subject to the reporting person's continued employment. Reflects the PSUs that were earned over the first one-year performance period (January 1, 2022 - December 31, 2022) based on the level of achievement of pre-determined performance goals related to (i) Order Intake (25%), (ii) Earnings Per Share (60%), and Greenhouse Gas Emissions (15%). The goals were achieved above the threshold level.
F7: The PSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the three-year performance period ending December 31, 2024 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives.