Jordi Lombarte - 18 Feb 2022 Form 4 Insider Report for AUTOLIV INC (ALV)

Role
EVP and Chief Technology Officer
Signature
/s/ Brian Kelly as attorney-in-fact
Issuer symbol
ALV
Transactions as of
18 Feb 2022
Net transactions value
-$101,981
Form type
4
Filing time
23 Feb 2022, 13:07:10 UTC
Previous filing
15 Dec 2021
Next filing
25 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALV Common Stock Options Exercise $0 +679 +30% $0.000000 2,951 18 Feb 2022 Direct
transaction ALV Common Stock Tax liability $22,938 -231 -7.8% $99.30 2,720 18 Feb 2022 Direct
transaction ALV Common Stock Options Exercise $0 +2,651 +97% $0.000000 5,371 21 Feb 2022 Direct F3
transaction ALV Common Stock Tax liability $79,043 -796 -15% $99.30 4,575 21 Feb 2022 Direct

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 -680 -100% $0.000000* 0 18 Feb 2022 Common Stock 680 $0.000000 Direct F1, F2
transaction ALV Performance-Based Restricted Stock Units (2019 Grant) Options Exercise $0 -2,652 -100% $0.000000* 0 21 Feb 2022 Common Stock 2,652 $0.000000 Direct F1, F2, F3
transaction ALV Performance-Based Restricted Stock Units (2021 Grant) Award $0 +441 $0.000000 441 21 Feb 2022 Common Stock 441 $0.000000 Direct F1, F4, F5
transaction ALV Restricted Stock Unit Award $0 +504 $0.000000 504 21 Feb 2022 Common Stock 504 $0.000000 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.

Remarks:

EVP and Chief Technology Officer