JOHANSSON LEIF 4

What Happened

• Leif Johansson, a director of Autoliv (ALV), had 1,756 restricted stock units (RSUs vest) on May 7, 2026 and the RSUs converted into shares. To satisfy tax withholding on the vested award, 176 shares were sold at $121.01 each, raising about $21,298. Separately, Johansson received a grant of 1,405 new RSUs as part of the 2026–2027 non‑employee director retainer.

Key Details

• Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (filed within the typical 2‑business‑day window).
• Vesting/conversion: 1,756 RSUs converted into shares (reported as exercise/conversion, code M) at $0.00 exercise price.
• Tax withholding sale: 176 shares sold (code F) at $121.01 per share for proceeds of $21,298 (to cover tax liability).
• New grant: 1,405 RSUs awarded (code A) at $0.00; these RSUs vest and convert to shares in one installment on the earlier of ALV’s 2027 annual meeting or May 7, 2027 (see footnote F5).
• Fractional RSUs: Fractional RSUs are rounded down at vesting and any fractional portion is forfeited (footnote F3); the filing shows a 1,756.011 figure consistent with this rounding treatment.
• Shares owned after the transactions: Not specified in the provided excerpt of the filing.
• Codes explained briefly: M = conversion/exercise of derivative (here, RSU-to-share conversion); F = shares withheld/sold to cover taxes; A = grant/award of RSUs.

Context

• This was primarily a routine vesting of RSUs with a tax‑withholding sale — common for equity compensation and not necessarily a signal of personal trading intent. The conversion was essentially cashless (RSUs converting to shares, with some shares withheld/sold for taxes). The new RSU grant vests in one year or at the next annual meeting per the footnote.