G. DELGROSSO - 16 Nov 2023 Form 4 Insider Report for Adient plc (ADNT)

Role
President and CEO, Director
Signature
/s/ Brett L. Eilander, attorney-in-fact for Douglas G. Del Grosso
Issuer symbol
ADNT
Transactions as of
16 Nov 2023
Net transactions value
-$7,319,126
Form type
4
Filing time
20 Nov 2023, 18:47:51 UTC
Previous filing
02 Oct 2023
Next filing
12 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADNT Ordinary Shares Award +121,839 +20% 717,752 16 Nov 2023 Direct F1
transaction ADNT Ordinary Shares Award +409,482 +57% 1,127,234 16 Nov 2023 Direct F2
transaction ADNT Ordinary Shares Tax liability $5,781,823 -176,114 -16% $32.83 951,120 16 Nov 2023 Direct F3
transaction ADNT Ordinary Shares Tax liability $490,327 -14,949 -1.6% $32.80 936,171 17 Nov 2023 Direct F3
transaction ADNT Ordinary Shares Tax liability $383,301 -11,686 -1.2% $32.80 924,485 18 Nov 2023 Direct F3
transaction ADNT Ordinary Shares Tax liability $663,675 -20,234 -2.2% $32.80 904,251 19 Nov 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of restricted stock units, that, subject to certain acceleration and forfeiture provisions, vest in three equal installments on each of the first, second and third anniversaries of the grant date. Restricted stock units convert into ordinary shares upon vesting, or, to the extent deferred, upon settlement.
F2 Represents performance share units earned for the three-year performance period ended September 30, 2023. The Compensation Committee approved the performance results on November 16, 2023.
F3 Withholding of shares to cover taxes due in connection with the vesting of restricted stock units or performance share units, as applicable.