Autoliv (ALV) EVP receives RSUs as performance awards convert to stock
Rhea-AI Filing Summary
Autoliv EVP Per Jonas Jademyr reported multiple equity award transactions. He received performance-based restricted stock units from the 2023, 2024, and 2025 grants, plus an additional 400 restricted stock units, each RSU representing a contingent right to one share of common stock.
The 2023, 2024, and 2025 performance-based RSUs are tied to three separate one-year performance periods and vest after the third year, subject to continued employment and committee certification of results. Portions for the 2025 performance year were earned based on pre-determined goals for organic sales growth versus light vehicle production, earnings per share, and greenhouse gas emissions, with the earnings and emissions goals achieved above threshold. A block of performance-based RSUs from the 2023 grant was also exercised and converted into 2,073 shares of Autoliv common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units (2023 Grant) | 483.359 | $0.00 | -- |
| Exercise | Performance-Based Restricted Stock Units (2023 Grant) | 2,073.611 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2024 Grant) | 565.263 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2025 Grant) | 639.396 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 400 | $0.00 | -- |
| Exercise | Common Stock | 2,073 | $0.00 | -- |
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.