Form 4: Aptiv PLC Executive Katherine H. Ramundo Reports Changes in Beneficial Ownership

Katherine H. Ramundo, EVP, CLO, CCO & Secretary of Aptiv PLC, reports transactions involving ordinary shares, including disposals due to performance and tax liabilities, and acquisitions related to vesting and performance shares.

Summary

• On February 28, 2025, Katherine H. Ramundo, an executive at Aptiv PLC, reported several transactions involving the company's ordinary shares.
• She disposed of 2,883 shares due to below-target performance during the 2022-2024 period.
• Additionally, 9,066 shares were withheld to cover tax liabilities related to the vesting of restricted stock units at a price of $65.12 per share.
• Ramundo also acquired 16,812 shares that will vest in three equal installments starting on the first anniversary of the grant date.
• She acquired 35,726 performance shares, which represent a contingent right to receive ordinary shares based on performance criteria from January 1, 2025, to December 31, 2027.
• Following these transactions, Ramundo beneficially owns 134,959 ordinary shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. While there's a disposal of shares due to underperformance, there are also acquisitions of shares indicating continued investment and confidence in future performance. The tax withholding is a standard procedure.

Positives

• The acquisition of 16,812 shares indicates a continued investment in the company's future.
• The acquisition of 35,726 performance shares suggests confidence in achieving specified performance criteria.

Negatives

• The disposal of 2,883 shares due to below-target performance during the 2022-2024 period could be seen as a negative signal.
• The withholding of 9,066 shares for tax liabilities, while standard, reduces the executive's immediate holdings.

Risks

• Failure to meet the specified performance criteria for the 35,726 performance shares would prevent their vesting.
• Future fluctuations in the stock price could impact the value of the executive's holdings.

Future Outlook

The vesting of 16,812 shares will occur in three equal installments beginning on the first anniversary of the grant date. The vesting of 35,726 performance shares is contingent on achieving specified performance criteria between January 1, 2025, and December 31, 2027.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and aligns their interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, restricted stock units, and performance shares.
• The vesting schedules and performance criteria are typical components designed to incentivize long-term value creation.
• Companies like Delphi Automotive (now Aptiv) and its peers in the automotive technology sector use similar equity-based compensation strategies to attract and retain top talent.

Stakeholder Impact

• Shareholders may view the disposal of shares due to underperformance negatively.
• The vesting of performance shares aligns executive interests with shareholder value creation.

Key Dates