Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 33

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 33
---
 stock and purchasing Aptiv securities on margin or holding Aptiv securities in a margin account. Further, directors and employees are encouraged to avoid frequent trading or speculating in Aptiv stock. The Company’s Insider Trading Policy is available on aptiv.com by clicking on the tab “Investors” and then the caption “Governance Documents” under the heading “Governance.”

Independent Compensation Consultant.The Compensation Committee has retained Meridian Compensation Partners ("Meridian") as its independent compensation consultant since November 2023. The scope of the work done by Meridian during 2024 for the Compensation Committee included the following:

Providing analyses and recommendations that inform the Compensation Committee’s decisions;

Reviewing and making recommendations regarding Aptiv’s compensation and relative TSR peer groups;

Preparing and evaluating market pay data and competitive position analysis;

Analyzing realizable compensation in the context of performance;

Assisting in the benchmarking, design and development of Aptiv’s executive compensation programs;

Providing updates on market compensation trends and the regulatory environment as they relate to executive compensation;

Reviewing various management proposals presented to the Compensation Committee related to executive compensation;

Working with the Compensation Committee to validate and strengthen the pay-for-performance relationship and alignment with shareholders; and

Reviewing and providing commentary on executive pay related disclosures.

44COMPENSATION DISCUSSION AND ANALYSIS

The Compensation Committee assessed the independence of Meridian pursuant to SEC and NYSE rules and no conflict of interest exists that would prevent Meridian from independently representing the Compensation Committee. Meridian does not perform other services for the Company. Meridian met with the Compensation Committee Chair and the Compensation Committee outside the presence of management. In addition, Meridian participated in all of the Compensation Committee’s meetings during 2024 and, when requested by the Compensation Committee Chair, in preparatory meetings and in executive sessions at Compensation Committee meetings.

Compensation Risk Assessment.The Aptiv Human Resources team completed a risk assessment of our compensation programs in January 2025 and concluded that our compensation policies, practices and programs do not create risks that are reasonably likely to have a material adverse effect on Aptiv. Meridian reviewed and concurred with management's findings. The compensation risk assessment included a review of our pay and incentive plan structures, pay practices and policies, and governance processes, including the Compensation Committee’s oversight of such programs (supported by an independent consultant).

The Compensation Committee reviewed the 2025 assessment and discussed the report with management and Meridian. The Compensation Committee agreed that our compensation policies, practices and programs do not create risks that are reasonably likely