Form 4: Aptiv PLC Executive Joseph T. Liotine Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Joseph T. Liotine, President, S&PS of Aptiv PLC, reports acquisition of ordinary shares through grants.
Summary
- On June 21, 2024, Joseph T. Liotine, President, S&PS of Aptiv PLC, reported changes in beneficial ownership of Aptiv PLC ordinary shares.
- Liotine acquired 39,809 ordinary shares, 22,824 ordinary shares, and 34,236 ordinary shares at a price of $0.00 per share.
- Following these transactions, Liotine beneficially owns 96,869 ordinary shares directly.
- The 39,809 shares will vest in two equal installments beginning on the first anniversary of the date of grant.
- The 22,824 shares will vest in three equal installments beginning on February 28, 2025.
- The 34,236 performance shares will vest based upon the achievement of specified performance criteria, with a performance period from January 1, 2024 to December 31, 2026.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, so the sentiment is neutral. The acquisition of shares by an executive is generally viewed as a slightly positive signal.
Positives
- The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The change in beneficial ownership may have a minor impact on shareholders' perception of the company.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of transaction |
| 02/28/2025 | Start date for vesting of 22,824 shares in three equal installments |
| 12/31/2026 | End of performance period for 34,236 performance shares |
| 06/25/2024 | Date of signature |
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