Fox Kevin 4

What Happened

Kevin Fox, President of Autoliv Americas, had restricted stock units (RSUs) convert to common stock on 2026-02-15. A total of 603 RSUs vested and were converted into 603 shares (exercise/conversion of a derivative security). To cover tax withholding, 205 of those shares were surrendered at $124.98 per share for a tax payment of $25,621, leaving a net increase of 398 shares to Mr. Fox. A fractional 0.927 RSU was not converted and was forfeited per the footnote.

Key Details

• Transaction date: 2026-02-15; Form 4 filed 2026-02-17 (filed within the typical two-business-day window).
• Conversion/exercise: 603 shares acquired via RSU vesting (derivative exercise) at $0.00 per share.
• Tax withholding: 205 shares disposed/withheld at $124.98 = $25,621 (code F).
• Fractional RSU: 0.927 fractional unit forfeited/rounded down per filing footnote.
• Net shares received: 603 − 205 = 398 shares added to Mr. Fox’s holdings.
• Footnotes: F1 = each RSU converts to one share; F2 = fractional RSUs rounded down at vesting.
• Filing timeliness: Not marked late; filed two days after the transaction date.

Context

This was an RSU vesting event (award conversion), not an open-market purchase or voluntary sale. The 205-share disposition was a standard tax-withholding event, not a market sale intended to raise cash or signal sentiment. The derivative entries reflect conversion of RSUs into common stock; fractional RSUs are commonly forfeited and do not result in a fractional share issuance.