ALV Form 4: Franz-Josef Kortuem Receives 11.5121 RSUs with Dividend Equivalents

Rhea-AI Filing Summary

Franz-Josef Kortuem, a director of Autoliv Inc. (ALV), was granted 11.5121 restricted stock units (RSUs) on 09/23/2025. Each RSU represents a contingent right to one share of ALV common stock and the award includes dividend equivalent rights that accrue as additional RSUs if cash dividends are paid between the grant date and vesting. The RSUs vest and convert to shares in one installment on the earlier of Autoliv's 2026 annual meeting or the one-year anniversary of May 8, 2025. After the grant, Kortuem beneficially owned 1,728.5767 shares outright. The Form 4 was filed as a single-person filing and signed by Brian Kelly by power of attorney on 09/24/2025.

Positive

• Director compensation granted: 11.5121 RSUs align the reporting person's interests with shareholders
• Dividend equivalents included: Cash dividends between grant and vesting convert to additional RSUs subject to same schedule

Negative

• Potential dilution: The RSUs convert to shares upon vesting, which will increase outstanding shares (magnitude not specified)

Insights

Financial Analyst

TL;DR: Director received a small RSU grant that aligns compensation with shareholder value; not a material corporate event.

The 11.5121 RSU award to Franz-Josef Kortuem is a typical equity-based compensation grant for a director, including dividend equivalents that convert into additional RSUs. Such awards are intended to align directors' interests with stock performance and are common in corporate governance. The filing shows the post-grant beneficial ownership of 1,728.5767 shares, indicating the grant increases director ownership modestly. There are no indications of other transactions, sales, or exercise events in this filing.

Corporate Governance Expert

TL;DR: Standard RSU compensation with clear vesting tied to a meeting date or time-based milestone; governance practice appears routine.

The grant's vesting provision — earlier of the 2026 annual meeting or the one-year anniversary of May 8, 2025 — is a straightforward, time/ event-based structure that encourages retention through the next shareholder meeting. Inclusion of dividend equivalent accruals is consistent with market practice for director RSUs. The Form 4 discloses ownership and POA filing mechanics; there are no governance red flags or unusual terms disclosed in this form.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Kortuem Franz-Josef

(Last) (First) (Middle)

C/O AUTOLIV, INC.

KLARABERGSVIADUKTEN 70, SECTION D5

(Street)

STOCKHOLM V7 SE-111 64

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AUTOLIV INC [ ALV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	09/23/2025		A(2)		11.5121		(3)	(3)	Common Stock	11.5121	$0	1,728.5767	D

Explanation of Responses:

1. Each restricted stock unit (RSU) represents a contingent right to receive one share of ALV common stock.

2. Dividend equivalent rights accrued in the form of additional RSUs. Per the award agreement, cash dividends with a record date on or after the grant date and paid on or before the vesting date yield additional RSUs subject to the same vesting schedule as the underlying RSUs.

3. The RSUs vest and convert to shares in one installment on the earlier of (a) the date of ALV's 2026 annual stockholder meeting, or (b) the one-year anniversary of May 8, 2025.

	Brian Kelly by POA from Franz-Josef Kortuem	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many RSUs were granted to Franz-Josef Kortuem (ALV)?

The Form 4 reports a grant of 11.5121 restricted stock units (RSUs) on 09/23/2025.

When do the RSUs vest and convert to shares?

The RSUs vest and convert in one installment on the earlier of Autoliv's 2026 annual stockholder meeting or the one-year anniversary of May 8, 2025.

Do the RSUs include dividend equivalents?

Yes. Dividend equivalent rights accrue as additional RSUs for cash dividends with record dates on or after the grant and paid on or before vesting.

What was the reporting person’s beneficial ownership after the transaction?

The Form 4 shows 1,728.5767 shares beneficially owned following the reported transaction.

Who filed the Form 4 and when was it signed?

The Form 4 was filed by one reporting person and signed by Brian Kelly by power of attorney for Franz-Josef Kortuem on 09/24/2025.