G. Delgrosso - Nov 16, 2023 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 16, 2023
Transactions value $
-$7,319,126
Form type
4
Date filed
11/20/2023, 06:47 PM
Previous filing
Oct 2, 2023
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADNT Ordinary Shares Award +122K +20.45% 718K Nov 16, 2023 Direct F1
transaction ADNT Ordinary Shares Award +409K +57.05% 1.13M Nov 16, 2023 Direct F2
transaction ADNT Ordinary Shares Tax liability -$5.78M -176K -15.62% $32.83 951K Nov 16, 2023 Direct F3
transaction ADNT Ordinary Shares Tax liability -$490K -14.9K -1.57% $32.80 936K Nov 17, 2023 Direct F3
transaction ADNT Ordinary Shares Tax liability -$383K -11.7K -1.25% $32.80 924K Nov 18, 2023 Direct F3
transaction ADNT Ordinary Shares Tax liability -$664K -20.2K -2.19% $32.80 904K Nov 19, 2023 Direct F3
* 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, 2023. The Compensation Committee approved the performance results on November 16, 2023.
F3 Withholding of shares to cover taxes due in connection with the vesting of restricted stock units or performance share units, as applicable.