Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 208

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 208
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 anniversary of grant date, 2022 - 2024December 31, 2023February 20220.59 $80 Annually on anniversary of grant date, 2023 - 2025December 31, 2024February 20230.79 $99 Annually on anniversary of grant date, 2024 - 2026December 31, 2025February 20241.12 $94 Annually on anniversary of grant date, 2025 - 2027December 31, 2026February 20251.88 $130 Annually on anniversary of grant date, 2026 - 2028December 31, 2027The grant date fair value of the RSUs is determined based on the target number of awards issued, the closing price of the Company’s ordinary shares on the date of the grant of the award, including an estimate for forfeitures, and a contemporaneous valuation performed by a third-party valuation specialist with respect to the portion of the awards subject to relative total shareholder return.

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Any new executives hired after the annual executive RSU grant date may be eligible to participate in the 2024 LTIP. The Company has also granted additional awards to employees in certain periods under both the PLC LTIP and 2024 LTIP. Any off-cycle grants made to new hires or other employees are valued at their grant date fair value based on the closing price of the Company’s ordinary shares on the date of such grant.The details of shares issued for vested annual executive grants are as follows:Time-Based AwardsPerformance-Based AwardsVesting DateOrdinary Shares Issued Upon VestingFair Value of Shares at IssuanceOrdinary Shares Withheld to Cover Withholding TaxesOrdinary Shares Issued Upon VestingFair Value of Shares at IssuanceOrdinary Shares Withheld to Cover Withholding Taxes(dollars in millions)Q1 2025554,363 $36 224,317 138,010 $9 58,518 Q1 2024461,052 $36 188,897 151,245 $12 65,910 A summary of RSU activity, including award grants, vesting and forfeitures is provided below:RSUsWeighted Average Grant Date Fair Value (in thousands)Nonvested, January 1, 20252,770 $92.98 Granted2,087 $68.97 Vested(635)$