Sng Yih - Feb 15, 2023 Form 4 Insider Report for AUTOLIV INC (ALV)

Role
President, Autoliv China
Signature
/s/ Brian Kelly as attorney-in-fact
Stock symbol
ALV
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 08:52 AM
Previous filing
Dec 12, 2022
Next filing
Feb 21, 2023

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 (2022 Grant) Award $0 +443 $0.00 443 Feb 15, 2023 Common Stock 443 $0.00 Direct F1, F2, F3
transaction ALV Restricted Stock Unit Award $0 +696 $0.00 696 Feb 15, 2023 Common Stock 696 $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 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.
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, 2024 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives.