Hans Christoph Schmickler - 10 May 2021 Form 3 Insider Report for Veoneer, Inc. (VNE)

Role
EVP, Product Area ADAS ECU and Integration See Exhibit 24 - Power of Attorney
Signature
Lars A. Sjobring as attorney-in-fact for Hans Christoph Schmickler
Issuer symbol
VNE
Transactions as of
10 May 2021
Net transactions value
$0
Form type
3
Filing time
19 May 2021, 20:39:18 UTC
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VNE Common Stock 486 10 May 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VNE Restricted Stock Unit 10 May 2021 Common Stock 2,565 $0.000000 Direct F1, F2
holding VNE Restricted Stock Unit 10 May 2021 Common Stock 1,213 $0.000000 Direct F1, F2
holding VNE Restricted Stock Unit 10 May 2021 Common Stock 2,698 $0.000000 Direct F1, F2
holding VNE Performance-Based Restricted Stock Unit (2020 Grant) 10 May 2021 Common Stock 256 $0.000000 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSU) represents a contingent right to receive one share of VNE common stock.
F2 The RSUs vest and convert to shares in one installment on the third anniversary of the grant date.
F3 Reflects earned performance-based restricted stock units (PSs) that were granted in February 2020. PSs may be earned over a three-year performance period (January 1, 2020 - December 31, 2022) based on level of achievement of 1-year annual gross margin performance objectives. The annual gross margin performance objective for the January 1, 2020 - December 31, 2020 was achieved above the threshold for earning PSs for the period, and such earned PSs are subject to downward adjustment based on the issuers share price measured at the end of the three-year performance period.
F4 The PSs, as adjusted downward, if necessary, vest and convert to shares in one installment after the completion of the related three-year performance period and the Compensation Committee's certification of the level of achievement of the performance objectives.
F5 Fractional RSUs associated with each tranche of RSU awards are rounded down to the nearest whole number at vesting. The fractional amounts are forfeited.

Remarks:

EVP, Product Area ADAS ECU and Integration See Exhibit 24 - Power of Attorney