G. Delgrosso - Oct 15, 2021 Form 4 Insider Report for Adient plc (ADNT)

Role
President and CEO, Director
Signature
/s/ Heather M. Tiltmann, attorney-in-fact for Douglas G. DelGrosso
Stock symbol
ADNT
Transactions as of
Oct 15, 2021
Transactions value $
-$2,477,870
Form type
4
Date filed
10/19/2021, 05:24 PM
Previous filing
Oct 5, 2021
Next filing
Nov 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADNT Ordinary Shares Options Exercise +135K +45.52% 433K Oct 15, 2021 Direct F1
transaction ADNT Ordinary Shares Tax liability -$2.48M -59K -13.64% $41.98 374K Oct 15, 2021 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 ADNT Performance Share Units Options Exercise $0 -135K -100% $0.00* 0 Oct 15, 2021 Deferred Compensation - Phantom Stock Units 135K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share unit ("PSU") is the equivalent of one Adient plc ordinary share. The PSUs vest based on the difference in (i) the average closing price of Adient ordinary shares over the 10 trading days before and 10 trading days after October 1, 2018, the reporting person's start date with Adient, and (i) the average closing price of Adient ordinary shares over the 10 trading days before and 10 trading days after the third anniversary of the grant date, as set forth in the Form 8-K dated September 13, 2018. The number of PSUs earned was equal to the target number.