Company: APTV
Filing Date: 2025-02-07
Form Type: 10-K
Source: 0001521332-25-000010
Chunk: 221

Company: Aptiv PLC
Filing Date: 2025-02-07
Form: 10-K
Item: Item 8
Chunk 221
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(247)$119.13 Nonvested, December 31, 20231,996 $124.06 Granted1,972 $77.95 Vested(714)$123.39 Forfeited(484)$114.99 Nonvested, December 31, 20242,770 $92.98 As of December 31, 2024, there were approximately 138,000 Aptiv performance-based RSUs, with a weighted average grant date fair value of $139.99, that were vested but not yet distributed.Aptiv recognized share-based compensation expense of $112 million ($96 million, net of tax), $107 million ($90 million, net of tax) and $86 million ($85 million net of tax) based on the Company’s best estimate of ultimate performance against the respective targets during the years ended December 31, 2024, 2023 and 2022, respectively. Aptiv will continue to recognize compensation expense, based on the grant date fair value of the awards applied to the Company’s best estimate of ultimate performance against the respective targets, over the requisite vesting periods of the awards. Based on the grant date fair value of the awards and the Company’s best estimate of ultimate performance against the respective targets as of December 31, 2024, unrecognized compensation expense on a pre-tax basis of approximately $172 million is anticipated to be recognized over a weighted average period of approximately two years. For the years ended December 31, 2024, 2023 and 2022, respectively, approximately $23 million, $33 million and $36 million of cash was paid and reflected as a financing activity in the consolidated statements of cash flows related to the tax withholding for vested RSUs.Subsidiary AwardsDuring 2023, certain employees of Wind River were granted stock options in Westerly, LLC (a subsidiary of the Company and parent company of Wind River) (the “Subsidiary Awards”). These Subsidiary Awards vest ratably over a three year period subject to continuing employment. Subsidiary Awards become exercisable upon vesting. Refer to Note 20. Acquisitions and Divestitures for further information on the Wind River acquisition.

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A summary of the status of the Company’s non-vested Subsidiary Awards is provided below:Subsidiary Award Stock OptionsWeighted Average Grant Date Fair Value (in thousands)Nonvested, January 1