Form 4: Aptiv PLC Director Merit E. Janow Reports Changes in Beneficial Ownership

Director Merit E. Janow reports acquisition and disposal of Aptiv PLC ordinary shares, including shares withheld for tax liabilities and restricted stock units granted under the company's Long Term Incentive Plan.

Summary

• On April 23, 2024, Director Merit E. Janow disposed of 228 ordinary shares to cover tax liabilities at a price of $70.25 per share.
• On April 25, 2024, Janow acquired 2,522 restricted stock units (RSUs) under Aptiv PLC's Long Term Incentive Plan.
• These RSUs represent the right to receive one ordinary share each and will vest one day before the Issuer's Annual Meeting of Shareholders in 2025.
• Following these transactions, Janow's direct ownership of Aptiv PLC ordinary shares increased from 4,764 to 7,286.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect standard compensation practices and continued investment in the company by a director.

Positives

• The acquisition of 2,522 restricted stock units demonstrates continued alignment of the director's interests with the long-term performance of Aptiv PLC.

Future Outlook

The director will receive ordinary shares upon the vesting of the restricted stock units one day before the Issuer's Annual Meeting of Shareholders in 2025.

Industry Context

Monitoring insider transactions provides insights into management's perspective on the company's valuation and future prospects within the automotive technology industry.

Comparison to Industry Standards

• Director ownership levels and equity compensation plans are common metrics used to assess alignment between management and shareholder interests.
• Companies like TE Connectivity and Infineon Technologies also utilize long-term incentive plans with restricted stock units to incentivize executives and directors.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they demonstrate the director's continued investment in the company.

Key Dates