Douglas G. Delgrosso - 17 Nov 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
Issuer symbol
ADNT
Transactions as of
17 Nov 2022
Net transactions value
-$6,087,907
Form type
4
Filing time
21 Nov 2022, 20:30:00 UTC
Previous filing
04 Oct 2022
Next filing
13 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADNT Ordinary Shares Award $0 +103,896 +22% $0.000000 567,470 17 Nov 2022 Direct F1
transaction ADNT Ordinary Shares Award $0 +257,129 +45% $0.000000 824,599 17 Nov 2022 Direct F2
transaction ADNT Ordinary Shares Tax liability $4,203,392 -109,179 -13% $38.50 715,420 17 Nov 2022 Direct F3
transaction ADNT Ordinary Shares Tax liability $1,107,990 -28,022 -3.9% $39.54 687,398 18 Nov 2022 Direct F3
transaction ADNT Ordinary Shares Tax liability $776,526 -19,639 -2.9% $39.54 667,757 19 Nov 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.