Naughton Colin 4

What Happened

• Colin Naughton, President, Autoliv Asia, had a series of derivative conversions and award acquisitions reported for Feb 19, 2026. Transactions show conversion/exercise of derivatives and grants of restricted stock units (RSUs) / performance stock units (PSUs) that resulted in the acquisition of approximately 5,485 shares (total value reported at $0.00). On the same day, 2,592.923 shares were recorded as disposed (also at $0.00).
• Specific items reported: exercise/conversion (M) acquiring 2,592 shares; four separate award/acquisition (A) entries totaling ~2,893 shares (603.927; 764.126; 925.93; 599). A separate exercise/conversion (M) entry shows 2,592.923 shares disposed. All prices and total values in the filing are reported as $0.00 (reflecting conversion/vesting rather than open-market cash trades).

Key Details

• Transaction date: February 19, 2026; Form 4 filed Feb 23, 2026 (filed within standard SEC reporting window).
• Reported prices: $0.00 for all entries; reported cash values = $0.
• Shares acquired (aggregate): ~5,484.98 shares; shares disposed (aggregate): ~2,592.923 shares.
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Notable footnotes:
  • F1–F2: Each RSU represents a contingent right to one ALV share; fractional RSUs are rounded down at vesting and fractional amounts forfeited.
  • F3–F5: The PSUs come from multi-year performance awards (grants in Feb 2023, Feb 2024, Feb 2025) comprised of three one-year performance periods. The reported conversions reflect PSUs earned for the 2025 performance year where certain performance goals (Earnings Per Share and Greenhouse Gas Emissions) were achieved above threshold.
  • F6–F8: PSUs vest and convert to shares in one installment after the applicable three-year performance period and committee certification (references to end dates 2025–2027 depending on grant).
• Filing timeliness: The Form 4 was filed within the standard two-business-day reporting window (Feb 19 transaction, Feb 23 filing).

Context

• These entries reflect vesting/conversion of company equity awards (RSUs/PSUs) and associated derivative conversions. The $0.00 price typically indicates conversion/vesting rather than an open-market purchase or sale for cash.
• A same-day disposition of converted shares is often seen in connection with tax withholding or settlement, but the filing excerpt does not specify the reason for the disposition.
• For retail investors: award vesting and PSU vesting reflect compensation and performance outcomes (here, partial performance goals were met). Purchases are generally more indicative of personal bullishness; awards and conversions are routine executive compensation events.