ALV Form 4: Kevin Fox Discloses Performance and Time-Based RSU Awards

Rhea-AI Filing Summary

Kevin Fox, President, Autoliv Americas, reported acquisitions of restricted stock units in Autoliv Inc. (ALV) on 09/23/2025. The Form 4 shows grant entries for performance-based and time-based restricted stock units (RSUs). The filing lists 11.993 performance-based RSUs from the 2023 grant, 8.018 performance-based RSUs from the 2024 grant, and three time-based RSU tranches of 3.9931, 6.2623, and 6.8944 shares that vest on 02/15/2026, 02/20/2027 and 02/21/2028 respectively. The filing explains that each RSU converts to one share of common stock and that dividend equivalents accrued as additional RSUs are included. The performance-based RSUs vest after completion of multi-year performance periods and committee certification of achievement.

Positive

• Filed timely Section 16 Form 4 disclosing equity awards for the reporting officer on 09/23/2025
• Detailed vesting dates and award types are provided, including performance-based RSUs with specified performance periods and time-based RSU vesting dates
• Dividend equivalent treatment is disclosed as additional RSUs subject to the same vesting schedules

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Officer received a mix of performance and time-based RSU awards on 09/23/2025; vesting tied to multi-year performance and scheduled dates.

The filing documents non-derivative equity awards to a named officer rather than open-market trades. The performance-based RSUs reference distinct performance periods ending December 31, 2025 and 2026 with vesting contingent on committee certification, which is standard for senior executive compensation. Time-based RSUs have clear vesting dates in 2026–2028. From a governance perspective, the filing provides transparency on timing and nature of awards but does not disclose target performance metrics or the maximum payout adjustments. This is a routine Section 16 disclosure of grants rather than a market transaction.

Compensation Analyst

TL;DR: The report shows incremental equity grants totaling 37.1608 RSUs across performance and service-based awards, recorded as acquisitions.

Line-item details identify 11.993 RSUs (2023 performance grant), 8.018 RSUs (2024 performance grant), and three restricted stock unit tranches of 3.9931, 6.2623, and 6.8944 with vesting in 2026–2028. Dividend equivalents are credited as additional RSUs per the award agreement. The disclosure is complete for quantities and vesting dates but lacks the underlying performance targets and potential payout ranges, which limits assessment of grant generosity or alignment with shareholder outcomes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Fox Kevin

(Last) (First) (Middle)

C/O AUTOLIV, INC.

KLARABERGSVIADUKTEN 70, SECTION D5

(Street)

STOCKHOLM V7 SE-111 64

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AUTOLIV INC [ ALV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Autoliv Americas

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance-Based Restricted Stock Units (2023 Grant)	(1)	09/23/2025		A(2)		11.993		(3)	(3)	Common Stock	11.993	$0	1,800.7871	D
Performance-Based Restricted Stock Units (2024 Grant)	(1)	09/23/2025		A(2)		8.018		(4)	(4)	Common Stock	8.018	$0	1,026.1144	D
Restricted Stock Unit	(1)	09/23/2025		A(2)		3.9931		02/15/2026	02/15/2026	Common Stock	3.9931	$0	599.5758	D
Restricted Stock Unit	(1)	09/23/2025		A(2)		6.2623		02/20/2027	02/20/2027	Common Stock	6.2623	$0	940.2956	D
Restricted Stock Unit	(1)	09/23/2025		A(2)		6.8944		02/21/2028	02/21/2028	Common Stock	6.8944	$0	1,035.2143	D

Explanation of Responses:

1. Each restricted stock unit (RSU) represents a contingent right to receive one share of ALV common stock.

2. 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.

3. 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.

4. 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.

	Brian Kelly by POA from Kevin Fox	09/24/2025
	** Signature of Reporting Person	Date
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FAQ

What did Kevin Fox report on the Form 4 for ALV?

The Form 4 reports acquisitions of performance-based and restricted stock units totaling 11.993 (2023 performance), 8.018 (2024 performance), and time-based RSUs of 3.9931, 6.2623, and 6.8944 on 09/23/2025.

When do the time-based RSUs vest for Kevin Fox according to the filing?

The time-based RSUs vest on 02/15/2026, 02/20/2027, and 02/21/2028 as stated in the Form 4.

How do the performance-based RSUs vest as described in the Form 4?

The 2023 performance-based RSUs vest after the completion of the three one-year performance periods ending 12/31/2025 and committee certification; the 2024 performance-based RSUs vest after the performance period ending 12/31/2026 and committee certification.

Does each RSU convert to a share of Autoliv common stock?

Yes. The filing states that each restricted stock unit represents a contingent right to receive one share of ALV common stock.

Were dividend equivalents included in these awards?

Yes. The filing explains that dividend equivalent rights accrue as additional RSUs and follow the same vesting schedule as the underlying awards.