G. Delgrosso - Nov 17, 2022 Form 4 Insider Report for Adient plc (ADNT)

Role
President and CEO, Director
Signature
/s/ Brett L. Eilander, attorney-in-fact for Douglas G. Del Grosso
Stock symbol
ADNT
Transactions as of
Nov 17, 2022
Transactions value $
-$6,087,907
Form type
4
Date filed
11/21/2022, 08:30 PM
Previous filing
Oct 4, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADNT Ordinary Shares Award $0 +104K +22.41% $0.00 567K Nov 17, 2022 Direct F1
transaction ADNT Ordinary Shares Award $0 +257K +45.31% $0.00 825K Nov 17, 2022 Direct F2
transaction ADNT Ordinary Shares Tax liability -$4.2M -109K -13.24% $38.50 715K Nov 17, 2022 Direct F3
transaction ADNT Ordinary Shares Tax liability -$1.11M -28K -3.92% $39.54 687K Nov 18, 2022 Direct F3
transaction ADNT Ordinary Shares Tax liability -$777K -19.6K -2.86% $39.54 668K Nov 19, 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of restricted stock units, that, subject to certain acceleration and forfeiture provisions, vest in three equal installments on each of the first, second and third anniversaries of the grant date. Restricted stock units convert into ordinary shares upon vesting, or, to the extent deferred, upon settlement.
F2 Represents performance share units earned for the three-year performance period ended September 30, 2022. The Compensation Committee approved the performance results on November 17, 2022.
F3 Withholding of shares to cover taxes due in connection with the vesting of restricted stock units or performance share units, as applicable.
F4 The amount reported has been revised to correct a historical overstatement in connection with the rounding of fractional shares.

Remarks:

Exhibit 24, Power of Attorney, is attached.