Autoliv (ALV) Asia president exercises PSUs and receives new RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Autoliv executive Colin Naughton, President Autoliv Asia, reported multiple equity-based compensation transactions. He exercised 2,592 performance-based restricted stock units into Autoliv common stock, bringing his directly held common shares to 12,640 after the transaction.
He was granted new performance-based RSUs from the 2023, 2024, and 2025 grant cycles totaling 603.9274, 764.1264, and 925.9299 units, respectively, plus a grant of 599 time-based restricted stock units. Each RSU represents a contingent right to receive one Autoliv common share, with vesting tied to multi‑year performance periods and goals for organic sales growth, earnings per share, and greenhouse gas emissions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,592.923 shares exercised/converted
Mixed
6 txns
Insider
Naughton Colin
Role
President, Autoliv Asia
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units (2023 Grant) | 603.927 | $0.00 | -- |
| Exercise | Performance-Based Restricted Stock Units (2023 Grant) | 2,592.923 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2024 Grant) | 764.126 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2025 Grant) | 925.93 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 599 | $0.00 | -- |
| Exercise | Common Stock | 2,592 | $0.00 | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units (2023 Grant) — 2,592.923 shares (Direct);
Performance-Based Restricted Stock Units (2024 Grant) — 1,409.784 shares (Direct);
Performance-Based Restricted Stock Units (2025 Grant) — 925.93 shares (Direct);
Restricted Stock Unit — 599 shares (Direct);
Common Stock — 12,640 shares (Direct)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of ALV common stock. Fractional RSUs are rounded down to the nearest whole number at vesting, the fractional amount is forfeited. The performance-based RSUs granted in February 2023 are comprised of three separate one-year performance periods for each of calendar years 2023, 2024 and 2025. All PSUs will vest following 2025, to the extent earned and subject to the reporting person's continued employment. Reflects the PSUs that were earned over the third one-year performance period (January 1, 2025 - December 31, 2025) based on the level of achievement of pre-determined performance goals related to (i) Organic Sales Growth vs. Light Vehicle Production Growth (25%), (ii) Earnings Per Share (60%), and (iii) Greenhouse Gas Emissions (15%). The goals for (ii) and (iii) were achieved above the threshold level. The performance-based RSUs granted in February 2024 are comprised of three separate one-year performance periods for each of calendar years 2024, 2025, and 2026. All PSUs will vest following 2026, to the extent earned and subject to the reporting person's continued employment. Reflects the PSUs that were earned over the second one-year performance period (January 1, 2025 - December 31, 2025) based on the level of achievement of pre-determined performance goals related to (i) Organic Sales Growth vs. Light Vehicle Production Growth (25%), (ii) Earnings Per Share (60%), and (iii) Greenhouse Gas Emissions (15%). The goals for (ii) and (iii) were achieved above the threshold level. The performance-based RSUs granted in February 2025 are comprised of three separate one-year performance periods for each of calendar years 2025, 2026 and 2027. All PSUs will vest following 2027, to the extent earned and subject to the reporting person's continued employment. Reflects the PSUs that were earned over the first one-year performance period (January 1, 2025 - December 31, 2025) based on the level of achievement of pre-determined performance goals related to (i) Organic Sales Growth vs. Light Vehicle Production Growth (25%), (ii) Earnings Per Share (60%), and (iii) Greenhouse Gas Emissions (15%). The goals for (ii) and (iii) were achieved above the threshold level. The performance-based RSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the third one-year performance period ending December 31, 2025 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives. The performance-based RSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the third one-year performance period ending December 31, 2026 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives. The performance-based RSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the third one-year performance period ending December 31, 2027 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives.
FAQ
What insider equity transactions did Autoliv (ALV) report for Colin Naughton?
Autoliv reported that executive Colin Naughton exercised 2,592 performance-based restricted stock units into common stock, resulting in 12,640 directly held common shares. He also received several new grants of performance-based and time-based restricted stock units as part of his equity compensation.
What new performance-based RSU grants did Colin Naughton receive from Autoliv (ALV)?
Colin Naughton received performance-based RSU grants tied to the 2023, 2024, and 2025 programs totaling 603.9274, 764.1264, and 925.9299 units. These units vest after multi-year performance periods, subject to continued employment and achievement of specified performance objectives through 2025, 2026, and 2027.
What performance metrics govern Autoliv (ALV) performance-based RSUs in this Form 4?
The performance-based RSUs use three weighted metrics: Organic Sales Growth versus Light Vehicle Production Growth at 25%, Earnings Per Share at 60%, and Greenhouse Gas Emissions at 15%. For the disclosed periods, goals for Earnings Per Share and Greenhouse Gas Emissions were achieved above the threshold level.
How do Autoliv (ALV) performance-based RSUs vest for Colin Naughton?
The performance-based RSUs are structured in three separate one-year performance periods for each grant. They vest and convert into shares in one installment after the final performance year ends, once the compensation committee certifies achievement of the applicable performance objectives and subject to continued employment.
What additional restricted stock unit grant did Colin Naughton receive from Autoliv (ALV)?
In addition to performance-based RSUs, Colin Naughton was granted 599 time-based restricted stock units. Each unit represents a contingent right to receive one share of Autoliv common stock, with fractional units rounded down at vesting and forfeited, according to the Form 4 footnotes.