Form 4: Aptiv PLC Executive Vice President Joseph T. Liotine Reports Changes in Beneficial Ownership

Executive Vice President of Aptiv PLC, Joseph T. Liotine, reports transactions involving ordinary shares, including shares withheld for tax liabilities and acquisitions related to vesting restricted stock units and performance shares.

Summary

• On February 28, 2025, Joseph T. Liotine, Executive Vice President of Aptiv PLC, reported changes in beneficial ownership of Aptiv PLC ordinary shares.
• 3,389 shares were disposed of at a price of $65.12 to cover tax liabilities related to the vesting of restricted stock units.
• 25,819 shares were acquired upon the vesting of restricted stock units.
• These shares will vest in three equal installments beginning on the first anniversary of the date of grant.
• 38,727 performance shares were acquired, representing a contingent right to receive ordinary shares based on performance criteria from January 1, 2025, to December 31, 2027.
• Following these transactions, Liotine beneficially owns 158,026 ordinary shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of restricted stock units and performance shares suggests confidence in the executive's and company's performance. The disposal of shares for tax purposes is a normal occurrence.

Positives

• The acquisition of 25,819 shares through vesting restricted stock units indicates a positive performance assessment.
• The acquisition of 38,727 performance shares suggests confidence in future performance.

Negatives

• The disposal of 3,389 shares to cover tax liabilities, while a normal occurrence, represents a slight reduction in direct ownership.

Risks

• The vesting of performance shares is contingent on achieving specified performance criteria, introducing uncertainty.

Future Outlook

The vesting of performance shares is dependent on the company's performance between January 1, 2025 and December 31, 2027.

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 executive interests with shareholder value.

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 typically aligned with industry benchmarks and company-specific goals.
• Companies like Delphi Technologies (now BorgWarner) and Magna International also use similar compensation structures to incentivize their executives.

Stakeholder Impact

• The transactions reflect the company's compensation policies and their impact on executive ownership.
• Shareholders can monitor these filings to understand how executive incentives are aligned with company performance.

Key Dates