Autoliv CEO exercises options for tax purposes

Friday, 04 May 2012
On May 2, 2012, Mr. Jan Carlson, President and Chief Executive Officer of Autoliv, Inc. (NYSE: ALV and SSE: ALIV sdb) exercised, pursuant to a Rule 10b5-1 plan, stock options for the purchase and sale of 75,750 shares of Autoliv common stock.

Advertisement We are recruiting and we seek the services of Editors, writers, media sales executives and columnists as well as contributors with good knowledge of the Scandinavian region. You will also have a good command of the English language and one or more other Scandinavian Language. Please, instead of criticising us,(something we welcome) join us, be paid and make us better.

The proceeds from these transactions are approximately $3.2 million, of which more than 90% will be used for purposes of Swedish taxes owed by Mr. Carlson as a result of this transaction and the automatic vesting of restricted stock units in 2011 and 2012.

Following the transactions on May 2, Mr. Carlson’s aggregate holdings of Autoliv securities have a market value of approximately $5 million at the May 2 closing price of $63.93 on the New York Stock Exchange.
Based on a press release

What do you think about this article and us? Please leave a comment!