Autoliv (NYSE: ALV) president Kevin Fox adds RSUs via dividend equivalents
Rhea-AI Filing Summary
Autoliv Inc. insider Kevin Fox, President of Autoliv Americas, reported automatic acquisitions of additional equity awards on 12/10/2025 on a Form 4. The filing shows multiple grants of performance-based restricted stock units and time-based restricted stock units that each represent a contingent right to receive one share of Autoliv common stock.
The new amounts arose from dividend equivalent rights, where cash dividends paid on Autoliv stock generated additional RSUs instead of cash, at no exercise price. These additional units follow the same vesting schedules and performance conditions as the original awards, including performance-based RSUs tied to three one-year performance periods ending December 31, 2025 and December 31, 2026, and time-based RSUs scheduled to vest on February 15, 2026, February 20, 2027, and February 20, 2028.
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FAQ
What did Autoliv (ALV) insider Kevin Fox report in this Form 4?
Kevin Fox, President of Autoliv Americas, reported automatic acquisitions of additional performance-based and time-based restricted stock units (RSUs) on 12/10/2025, arising from dividend equivalent rights on existing equity awards.
How do the newly acquired Autoliv (ALV) RSUs from dividends work?
The filing explains that cash dividends with a record date on or after the original grant date and paid on or before vesting accrue as additional RSUs. These extra units are subject to the same vesting schedule as the underlying RSUs and have a $0 exercise price.
What are the performance conditions on Kevin Fox’s Autoliv (ALV) RSUs?
The performance-based RSUs vest and convert to shares in a single installment after completing the third one-year performance period ending December 31, 2025 or December 31, 2026, following the Leadership Development and Compensation Committee’s certification of performance.
When do Kevin Fox’s time-based Autoliv (ALV) RSUs vest?
The time-based restricted stock units are scheduled to vest on February 15, 2026, February 20, 2027, and February 20, 2028, at which point they can convert into shares of Autoliv common stock if vesting conditions are met.
Does this Autoliv (ALV) Form 4 involve any cash transactions?
No cash exercise is involved. The RSUs and dividend equivalent rights are listed with an exercise price of $0, meaning they are equity awards granted as part of compensation rather than purchases on the open market.
What does each restricted stock unit (RSU) represent for Autoliv (ALV) stock?
According to the filing, each RSU represents a contingent right to receive one share of Autoliv common stock, subject to the applicable vesting and, for certain awards, performance-based conditions.