ALV Form 4: Mikael Bratt Added Performance-Based RSUs, Dividend Equivalents Credited
Rhea-AI Filing Summary
Mikael Bratt, President and CEO of Autoliv Inc. (ALV) filed a Form 4 reporting acquisitions dated 09/23/2025. The filing shows additions of performance-based restricted stock units (RSUs) from the 2023 and 2024 grants: 69.1611 RSUs from the 2023 grant and 24.9747 RSUs from the 2024 grant. Each RSU represents a contingent right to one share of ALV common stock and the reported price is $0. Dividend equivalents were credited as additional RSUs and the awards vest, if earned, after completion and certification of multi-year performance periods ending December 31, 2025 (2023 grant) and December 31, 2026 (2024 grant). Following these transactions, beneficial ownership counts for the reported awards are 10,384.7392 and 3,196.169 RSUs respectively.
Positive
- Performance-based RSUs align CEO compensation with multi-year company performance
- Dividend equivalents were credited in RSUs, preserving incentive value without immediate cash payouts
- No open-market sales reported—transactions are compensation awards, not disposals
Negative
- None.
Insights
TL;DR: CEO received performance-based RSUs, aligning pay with long-term performance and subject to committee certification.
This Form 4 documents additional performance-based restricted stock units credited to the CEO, including dividend equivalent accruals. The awards vest only after multi-year performance periods and Committee certification, which is standard governance practice to link executive compensation to measurable outcomes. The zero-dollar price indicates these are compensation awards rather than open-market purchases. For shareholders, the material point is continued alignment of executive incentives with company performance rather than an immediate change in share count or open-market transactions.
TL;DR: Reported RSU accruals increase CEO’s potential long-term equity holdings and include dividend equivalents.
The filing specifies granular RSU quantities from the 2023 and 2024 performance grants and notes dividend equivalents credited as additional RSUs. Vesting is contingent on performance through year-end 2025 and 2026 and Committee certification, which preserves performance linkage and potential dilution until vesting. The reported "Amount Beneficially Owned Following" shows the aggregated RSU position for each grant, useful for modeling potential dilution if awards vest and convert to common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units (2023 Grant) | 69.161 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2024 Grant) | 24.975 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit (RSU) represents a contingent right to receive one share of ALV common stock. 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. 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.