Christine Rankin - Feb 16, 2022 Form 4 Insider Report for Veoneer, Inc. (VNE)

Role
SVP, Corporate Control
Signature
Lars A. Sjobring, as attorney-in-fact for Christine Rankin
Stock symbol
VNE
Transactions as of
Feb 16, 2022
Transactions value $
$0
Form type
4
Date filed
2/18/2022, 03:29 PM
Next filing
Apr 1, 2022

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 VNE Restricted Stock Unit Award $0 +4.24K $0.00 4.24K Feb 16, 2022 Common Stock 4.24K $0.00 Direct F1, F2
transaction VNE Performance-Based Restricted Stock Unit (2020 Grant) Award $0 +1.86K $0.00 1.86K Feb 16, 2022 Common Stock 1.86K $0.00 Direct F1, F3, F4
transaction VNE Performance-Based Restricted Stock Unit (2021 Grant) Award $0 +885 $0.00 885 Feb 16, 2022 Common Stock 885 $0.00 Direct F1, F4, F5
* 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 VNE common stock.
F2 The RSUs vest and convert to shares in one installment on the third anniversary of the grant date.
F3 Reflects earned performance-based restricted stock units (PSs) that were granted in February 2020. PSs may be earned over a three-year performance period (January 1, 2020 - December 31, 2022) based on level of achievement of 1-year annual gross margin performance objectives. The annual gross margin performance objective for the January 1, 2021 - December 31, 2021 performance period was achieved above the threshold for earning PSs for the period, and such earned PSs are subject to downward adjustment based on the issuers share price measured at the end of the three-year performance period.
F4 The PSs, as adjusted downward, if necessary, vest and convert to shares in one installment after the completion of the related three-year performance period and the Compensation Committee's certification of the level of achievement of the performance objectives.
F5 Reflects earned performance-based restricted stock units (PSs) that were granted in February 2021. PSs may be earned over a three-year performance period (January 1, 2021 - December 31, 2023) based on level of achievement of 1-year annual gross margin performance objectives. The annual gross margin performance objective for the January 1, 2021 - December 31, 2021 performance period was achieved above the threshold for earning PSs for the period, and such earned PSs are subject to downward adjustment based on the issuers share price measured at the end of the three-year performance period.