Fox Kevin 4

What Happened

• Kevin Fox, President, Autoliv Americas, reported conversions/exercises of performance-based restricted stock units (RSUs/PSUs) and new RSU awards on Feb 19, 2026. The filing shows conversion/exercise activity of about 2,592 shares (derivative exercise/conversion) and multiple RSU/PSU grants: 603.927, 1,221.785, 1,346.445 and 899 RSUs (all recorded as derivative awards at $0).
• As part of the vesting/conversion, 743 shares were withheld to satisfy tax withholding at an indicated price of $123.15 per share, totaling $91,500 (code F — tax withholding). Other transactions were recorded at $0 per share (derivative conversions/grants).

Key Details

• Transaction date: 2026-02-19; Form filed: 2026-02-23 (timely filing).
• Reported share movements: conversion/exercise of ~2,592 shares; grants/awards of 603.927 / 1,221.785 / 1,346.445 / 899 RSUs; 743 shares withheld for taxes at $123.15 each = $91,500.
• Shares owned after these transactions: not specified in the filing.
• Notable footnotes:
  • F1/F2: RSUs represent contingent rights to one share; fractional RSUs are rounded down at vesting.
  • F3–F5: The reported PSUs come from multi-year performance award programs (granted in Feb 2023, Feb 2024, and Feb 2025) covering separate one-year performance periods; these entries reflect PSUs earned for the 2025 performance year where EPS and GHG goals were achieved above threshold.
  • F6–F8: Final vesting/conversion of performance-based RSUs is subject to completion of the applicable three one-year performance periods and committee certification.
• Transaction codes explained: M = exercise/conversion of derivative, A = award/grant, F = tax withholding.

Context

• These transactions appear to be vesting/conversion of compensation awards and routine tax-withholding rather than an open-market buy or sale. The withholding of 743 shares to satisfy taxes is effectively a cashless withholding related to the award conversion.
• Several of the reported PSUs relate to multi-year performance programs and may still be subject to future vesting rules and committee certification for later performance cycles; the filing documents which performance periods and which goals were met for the 2025 period.