Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 29

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 29
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 and included a time-based RSU award with a targeted value of $4,000,000, which vests ratably in October 2025 and 2026, and a performance-based RSU award with a targeted value of $2,500,000, with performance and vesting terms consistent with the regular annual performance-based RSU awards described above under the “2024 Long-Term Incentive Compensation” section.

Mr. Laroyia joined Aptiv on November 4, 2024. He received one-time cash and equity sign-on awards, including a cash award of $2,000,000 and a time-based RSU award with a targeted value of $3,000,000. The sign-on cash award is paid in two installments: $1,000,000 upon hire and $1,000,000 following the one-year anniversary of his hire date, subject to continued employment through such anniversary. The sign-on time-based RSU award was granted in November 2024, and vests ratably in November 2025 and 2026.

OTHERCOMPENSATION

Additional compensation and benefit programs available to our NEOs are described below.

Aptiv Salaried 401(k) Plan.Along with other eligible U.S. Aptiv salaried employees, our NEOs participate in our broad-based and tax-qualified defined contribution plan, the Aptiv Salaried 401(k) Plan, which is a qualified plan under Section 401(k) of the Internal Revenue Code (the “Code”). All contributions are subject to tax-qualification limits imposed by the Code.

Aptiv Deferred Compensation Plan (“DCP”).Under the DCP, eligible U.S. employees, including our NEOs, receive Aptiv contributions in excess of the limits imposed upon the Aptiv Salaried 401(k) Plan by the Code. No guaranteed or above-market rates are earned; the investment options available are a subset of those available to all employees under the Aptiv Salaried 401(k) Plan. Additional details regarding benefits and payouts under this plan are provided in the “Non-Qualified Deferred Compensation” section.

Financial Planning.A select group of senior executives, including the NEOs, are eligible to participate in executive financial services sponsored by Aptiv. Aptiv pays the annual service fee of the third-party financial advisory firm for the participating executives, and each participating executive pays income taxes on the imputed income associated with the benefit.

Severance Plans.In 2017, we