Fredrik Westin - Feb 21, 2022 Form 4 Insider Report for AUTOLIV INC (ALV)

Role
Executive Vice President, Finance and Chief Financial Officer
Signature
/s/ Brian Kelly as attorney-in-fact
Stock symbol
ALV
Transactions as of
Feb 21, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 12:30 PM
Previous filing
Dec 15, 2021
Next filing
Mar 4, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALV Performance-Based Restricted Stock Units (2021 Grant) Award $0 +552 $0.00 552 Feb 21, 2022 Common Stock 552 $0.00 Direct F1, F2, F3
transaction ALV Restricted Stock Unit Award $0 +705 $0.00 705 Feb 21, 2022 Common Stock 705 $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of ALV common stock.
F2 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 first one-year performance period (January 1, 2021 - December 31, 2021) 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.
F3 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.

Remarks:

Executive Vice President, Finance and Chief Financial Officer