Autoliv (NYSE: ALV) China president granted RSUs and converts PSUs to shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Autoliv President, Autoliv China, Yih Sng reported equity compensation changes on February 19, 2026. He received several grants of performance-based restricted stock units and 599 time-based RSUs, and exercised previously earned performance units into 3,241 shares of common stock, bringing his direct common share holdings to 12,500.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,241.82 shares exercised/converted
Mixed
6 txns
Insider
Yih Sng
Role
President, Autoliv China
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance-Based Restricted Stock Units (2023 Grant) | 754.909 | $0.00 | -- |
| Exercise | Performance-Based Restricted Stock Units (2023 Grant) | 3,241.82 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2024 Grant) | 764.126 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units (2025 Grant) | 925.93 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 599 | $0.00 | -- |
| Exercise | Common Stock | 3,241 | $0.00 | -- |
Holdings After Transaction:
Performance-Based Restricted Stock Units (2023 Grant) — 3,241.82 shares (Direct);
Performance-Based Restricted Stock Units (2024 Grant) — 1,409.784 shares (Direct);
Performance-Based Restricted Stock Units (2025 Grant) — 925.93 shares (Direct);
Restricted Stock Unit — 599 shares (Direct);
Common Stock — 12,500 shares (Direct)
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.
FAQ
What did Autoliv (ALV) executive Yih Sng report in this Form 4 filing?
Yih Sng reported multiple equity awards and an exercise of performance-based units. He received new grants of performance-based restricted stock units and 599 restricted stock units, and converted previously earned performance units into common stock, increasing his directly held Autoliv shares to 12,500.
What types of equity awards did Autoliv grant to Yih Sng in this Form 4?
Autoliv granted Yih Sng performance-based restricted stock units from 2023, 2024, and 2025 grant programs and 599 time-based restricted stock units. Each unit represents a contingent right to one Autoliv common share, subject to vesting conditions and performance goals described in the footnotes.
How are Autoliv performance-based RSUs earned in Yih Sng’s Form 4 filing?
The performance-based RSUs are earned over separate one-year performance periods based on goals for organic sales growth versus light vehicle production, earnings per share, and greenhouse gas emissions. Footnotes state goals related to earnings per share and greenhouse gas emissions were achieved above the threshold level.
When do Yih Sng’s Autoliv performance-based RSUs vest according to this filing?
The performance-based RSUs from the 2023, 2024, and 2025 grants vest in a single installment after the third one-year performance period for each program. Vesting follows committee certification of performance achievement and requires Yih Sng’s continued employment through those respective vesting dates.