Colin Naughton - Feb 18, 2022 Form 4 Insider Report for AUTOLIV INC (ALV)

Role: President, Asia
Signature: /s/ Brian Kelly as attorney-in-fact
Stock symbol: ALV
Transactions as of: Feb 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/23/2022, 12:58 PM
Previous filing: Feb 3, 2022
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALV	Common Stock	Options Exercise	$0	+211	+6.31%	$0.00	3.55K	Feb 18, 2022	Direct
transaction	ALV	Common Stock	Options Exercise	$0	+824	+23.19%	$0.00	4.38K	Feb 21, 2022	Direct	F3

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	Restricted Stock Unit	Options Exercise	$0	-212	-100%	$0.00^*	0	Feb 18, 2022	Common Stock	212	$0.00	Direct	F1, F2
transaction	ALV	Performance-Based Restricted Stock Units (2019 Grant)	Options Exercise	$0	-824	-100%	$0.00^*	0	Feb 21, 2022	Common Stock	824	$0.00	Direct	F1, F2, F3
transaction	ALV	Performance-Based Restricted Stock Units (2021 Grant)	Award	$0	+441		$0.00	441	Feb 21, 2022	Common Stock	441	$0.00	Direct	F1, F4, F5
transaction	ALV	Restricted Stock Unit	Award	$0	+504		$0.00	504	Feb 21, 2022	Common Stock	504	$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	Fractional RSUs are rounded down to the nearest whole number at vesting, the fractional amount is forfeited.
F3	Reflects performance-based restricted stock units (PSUs) that were granted in February 2019, which PSUs were earned over a three-year performance period (January 1, 2019 - December 31, 2021) based on the level of achievement of pre-determined performance goals related to (i) Order Intake (35%), and (ii) Earnings Per Share Growth in relation to Light Vehicle Production (65%). 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 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.
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.