0000899243-23-005417.txt : 20230217
0000899243-23-005417.hdr.sgml : 20230217
20230217132626
ACCESSION NUMBER: 0000899243-23-005417
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230215
FILED AS OF DATE: 20230217
DATE AS OF CHANGE: 20230217
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lombarte Jordi
CENTRAL INDEX KEY: 0001745190
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-12933
FILM NUMBER: 23641585
MAIL ADDRESS:
STREET 1: C/O AUTOLIV, INC.
STREET 2: BOX 70381
CITY: STOCKHOLM
STATE: V7
ZIP: SE 107 24
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AUTOLIV INC
CENTRAL INDEX KEY: 0001034670
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714]
IRS NUMBER: 510378542
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3350 AIRPORT RD
CITY: OGDEN
STATE: UT
ZIP: 84405
BUSINESS PHONE: 8016299800
MAIL ADDRESS:
STREET 1: BOX 70381
STREET 2: SE 107 24 STOCKHOLM
CITY: SWEDEN
STATE: V7
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2023-02-15
0
0001034670
AUTOLIV INC
ALV
0001745190
Lombarte Jordi
C/O AUTOLIV, INC.
KLARABERGSVIADUKTEN 70, SECTION B7
STOCKHOLM
V7
SE-111 64
SWEDEN
0
1
0
0
See Remarks
Common Stock
2023-02-15
4
M
0
917
0.00
A
6021
D
Common Stock
2023-02-15
4
F
0
309
89.86
D
5712
D
Performance-Based Restricted Stock Units (2020 Grant)
0.00
2023-02-15
4
M
0
917.6286
0.00
D
2023-02-15
2023-02-15
Common Stock
917.6286
0
D
Performance-Based Restricted Stock Units (2021 Grant)
0.00
2023-02-15
4
A
0
93.7123
0.00
A
Common Stock
93.7123
550.5598
D
Performance-Based Restricted Stock Units (2022 Grant)
0.00
2023-02-15
4
A
0
354.7809
0.00
A
Common Stock
354.7809
354.7809
D
Restricted Stock Unit
0.00
2023-02-15
4
A
0
556
0.00
A
2026-02-15
2026-02-15
Common Stock
556
556
D
Each Restricted Stock Unit (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.
PSU awards granted in February 2020 are comprised of a single three-year performance period (2020-2022) cliff vesting in February 2023, to the extent earned and subject to the reporting person's continued employment. Reflects the PSUs that were earned based on the level of achievement of pre-determined performance goals related to (i) Order Intake (30%), and (ii) Earnings Per Share Growth in relation to light vehicle production (70%). The goals were achieved above the threshold level.
PSU awards granted in February 2021 are comprised of three separate one-year performance periods for each of calendar years 2021, 2022 and 2023. All PSUs will vest following 2023, 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, 2022 - December 31, 2022) based on the level of achievement of pre-determined performance goals related to (i) Order Intake (30%), and (ii) Earnings Per Share (70%). The goals were achieved above the threshold level.
The PSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the three-year performance period ending December 31, 2023 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives.
PSU awards granted in February 2022 are comprised of three separate one-year performance periods for each of calendar years 2022, 2023 and 2024. All PSUs will vest following 2024, 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, 2022 - December 31, 2022) based on the level of achievement of pre-determined performance goals related to (i) Order Intake (25%), (ii) Earnings Per Share (60%), and Greenhouse Gas Emissions (15%). The goals were achieved above the threshold level.
The PSUs, as adjusted if necessary, vest and convert to shares in one installment after the completion of the three-year performance period ending December 31, 2024 and the Leadership Development and Compensation Committee's certification of the level of achievement of the applicable performance objectives.
Executive Vice President and Chief Technology Officer
/s/ Brian Kelly as attorney-in-fact
2023-02-17