ALV Form 4: Director Liu receives 1,728.5767 RSUs with dividend equivalents

Rhea-AI Filing Summary

Autoliv Inc. (ALV) director Liu Xiaozhi received restricted stock units (RSUs) granted on 09/23/2025 that represent the right to receive common stock. The filing reports 1,728.5767 RSUs granted at a $0 purchase price. Dividend equivalents accrue as additional RSUs under the award agreement. Each RSU converts to one share of ALV common stock. The RSUs vest and convert to shares in one installment on the earlier of Autoliv's 2026 annual stockholder meeting or the one-year anniversary of May 8, 2025. The Form 4 was signed by Brian Kelly by power of attorney for Xiaozhi Liu on 09/24/2025.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant aligns director and shareholder interests without signaling unusual governance events.

The Form 4 documents a standard equity-based compensation event for a director: the grant of 1,728.5767 RSUs at no purchase price that vest on a time- or event-based schedule. Such grants are commonly used to align board members with shareholder outcomes and to compensate for service. The inclusion of dividend equivalents that convert to additional RSUs maintains economic parity with holding stock during the vesting period. There is no indication of accelerated vesting, unusual transfer, or related-party transaction beyond a normal director award.

Compensation Analyst

TL;DR: This is a routine director RSU award with time- and event-based vesting, consistent with standard long-term incentive practices.

The award details show 1,728.5767 RSUs granted on 09/23/2025, priced at $0, and including dividend equivalent accruals into additional RSUs. Vesting converts the RSUs into common shares in one installment either at Autoliv's 2026 annual meeting or one year after May 8, 2025, whichever is earlier. These mechanics are typical for non-employee director compensation and suggest retention and alignment objectives rather than performance-contingent incentives.

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^*

Liu Xiaozhi

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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
Restricted Stock Unit	(1)	09/23/2025		A(2)		11.5121		(3)	(3)	Common Stock	11.5121	$0	1,728.5767	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 RSUs vest and convert to shares in one installment on the earlier of (a) the date of ALV's 2026 annual stockholder meeting, or (b) the one-year anniversary of May 8, 2025.

	Brian Kelly by POA from Xiaozhi Liu	09/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ALV director Xiaozhi Liu receive on 09/23/2025?

The director was granted 1,728.5767 restricted stock units (RSUs) on 09/23/2025, each representing a right to one share of ALV common stock.

At what price were the RSUs granted in the Form 4 for ALV?

The RSUs were reported with a $0 purchase price in the Form 4.

When do the RSUs vest and convert to shares for ALV's Form 4 grant?

The RSUs vest and convert to shares in one installment on the earlier of Autoliv's 2026 annual stockholder meeting or the one-year anniversary of May 8, 2025.

Do the RSUs include dividend rights according to the filing?

Yes. Cash dividends with record dates on or after the grant and paid on or before the vesting date accrue as additional RSUs subject to the same vesting schedule.

Who filed and signed the Form 4 for Xiaozhi Liu?

The Form 4 was signed by Brian Kelly by power of attorney on behalf of Xiaozhi Liu on 09/24/2025.