Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 37

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 37
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 The one-time time-based RSU award vests 50% on each of October 1, 2025 and 2026. The one-time performance-based RSU award vests fully on December 31, 2026. See "Recent New Hire Information" section for more detail. (4) Mr. Liotine was eligible for a prorated annual incentive award based on his start date of April 29, 2024; otherwise, his 2024 annual incentive award target is $1,125,000. (5) Mr. Liotine received a one-time time-based RSU award as part of his new hire package. This award vests 50% on each of June 21, 2025 and 2026. See "Recent New Hire Information" section for more detail. (6) These columns show the threshold, target and maximum awards payable to our NEOs under the 2024 Annual Incentive Plan. The final award is determined by corporate performance, as approved by the Compensation Committee. The threshold amount for Mr. Khan is equal to his target because his award was guaranteed to payout at least at target for 2024, as further described in the "Recent New Hire Information" section. (7) These columns show the threshold, target and maximum number of RSUs possible under the performance-based RSUs granted in 2024 pursuant to our Long-Term Incentive Plan. The actual payouts will be based on three performance metrics (Average Return on Net Assets, Cumulative Net Income and relative TSR) during the performance period from January 1, 2024 through December 31, 2026. (8) This column shows the number of time-based RSUs granted to our NEOs in 2024 pursuant to our Long-Term Incentive Plan. Annual time-based RSUs generally vest ratably over three years on the first, second and third anniversary dates of the date of grant. The specific vesting terms for the one-time awards to Messrs. Laroyia, Khan and Liotine are described in the "Recent New Hire Information" section.

2024 GRANTS OF PLAN-BASED AWARDS49

This column reflects the grant date fair value of each 2024 equity award determined in accordance with FASB ASC Topic 718. For the grant date fair values of performance-based RSU awards granted in 2024, the amount reflects the target outcome of the performance conditions. Except for the performance-based RSUs based on relative