Autoliv grants RSUs to China president
Yih Sng reported acquisition or exercise transactions in this Form 4 filing.
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) | 12.0554 | $0.00 | $0.00 |
| Grant/Award | Performance-Based Restricted Stock Units (2025 Grant) | 7.9178 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 5.0653 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 6.1291 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Unit | 5.1222 | $0.00 | $0.00 |
Footnotes (4)
- F1. Each restricted stock unit (RSU) represents a contingent right to receive one share of ALV common stock.
- F2. 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.
- F3. 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.
- F4. 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.
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