Form 4: Aptiv PLC Executive Matthew M. Cole Reports Changes in Beneficial Ownership

Matthew M. Cole, SVP & President of ASUX at Aptiv PLC, reports acquisition and disposal of ordinary shares due to vesting of restricted stock units and performance shares.

Summary

• On February 28, 2024, Matthew M. Cole, SVP & President, ASUX of Aptiv PLC, reported changes in beneficial ownership of Aptiv PLC ordinary shares.
• Cole disposed of 2,497 shares to cover tax liabilities related to vesting of restricted stock units at a price of $78.77 per share.
• Cole acquired 7,659 shares that will vest in three equal installments beginning on the first anniversary of the date of grant.
• Cole also acquired 11,488 performance shares, which represent a contingent right to receive ordinary shares of Aptiv PLC, vesting based on performance criteria from January 1, 2024, to December 31, 2026.
• Following these transactions, Cole beneficially owns 40,856 ordinary shares.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices and stock ownership adjustments. It's neutral in sentiment as it primarily reports transactions related to previously granted equity.

Positives

• Acquisition of 7,659 shares indicates continued investment in the company's future.
• Acquisition of 11,488 performance shares aligns executive compensation with company performance over the next three years.

Future Outlook

The performance shares will vest based upon the achievement of specified performance criteria, with a performance period from January 1, 2024 to December 31, 2026.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages including restricted stock units and performance shares are standard practice among publicly traded companies like Aptiv PLC.
• The vesting schedules and performance criteria are typically designed to incentivize long-term value creation, similar to practices at companies like TE Connectivity and Delphi Technologies (now BorgWarner).

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
• The vesting of performance shares incentivizes management to achieve performance targets, potentially benefiting shareholders.

Key Dates