Autoliv (ALV) awards performance-based RSUs to China president
Rhea-AI Filing Summary
Yih Sng reported acquisition or exercise transactions in this Form 4 filing.
Autoliv Inc. reported that Yih Sng, President of Autoliv China, received new equity awards in the form of restricted stock units and performance-based restricted stock units. These awards give him the right to receive Autoliv common shares at no cash cost if vesting conditions are met.
The performance-based RSUs tied to 2024 and 2025 grants will vest in a single installment after three one-year performance periods ending December 31, 2026 and December 31, 2027, respectively, once the compensation committee certifies performance. The time-based RSUs are scheduled to vest in 2027, 2028, and 2029, and all RSUs accrue dividend equivalents as additional units that follow the same vesting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units (2024 Grant) | 12.055 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2025 Grant) | 7.918 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 5.065 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 6.129 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 5.122 | $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, 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.