Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 15

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 15
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 annual incentive award payouts for the Named Executive Officers that ranged from 105% to 121% of target, depending on total company and business unit performance. However, despite the strong operating results over the recent three-year performance period, our stock has underperformed over the same period. As further described in the “CEO Realized Pay And Our Performance" section and the “2022-2024 Performance-Based RSUs” section, the long-term performance-based incentive award cycle that closed on December 31, 2024 vested at 63% of target, and with our stock price underperformance during the vesting period, the actual value that our CEO realized from that award was approximately 30% of target. The Compensation Committee continues to evaluate and ensure the alignment of the Company’s rewards programs with Aptiv’s strategy and the value delivered to our shareholders. As the Company sharpens its focus, changes to the 2025 compensation plans have been made to further enhance this alignment, including: • As the talent market remains highly competitive, the peer group used for compensation benchmarking was expanded to include technology companies with which we compete for talent, as more fully described in the “2024 Peer Group Analysis” section. • The performance measures within the executive incentive programs were modified to reflect our continued journey to place more focus on the expansion of revenue sources from software and through further penetration of markets outside of the automotive industry, as more fully described in the “2025 Incentive Compensation Changes” section. We continue to appreciate our shareholders’ perspectives on Aptiv, our executive compensation program and other stewardship topics, and take shareholder feedback seriously as the Compensation Committee oversees incentive programs and makes compensation decisions for our executive officers. We are confident in our Company’s leadership and our ability to capitalize on the value creation opportunities ahead. We look forward to continued opportunities to connect with our shareholders beyond the Annual Meeting, and to your continued support of Aptiv. Sincerely,

| Joseph L. HooleyChair of the Compensation and Human Resources Committee |

COMPENSATION DISCUSSION AND ANALYSIS27

OVERVIEW

The Compensation Committee, which is composed entirely of independent directors, sets the Company’s executive compensation philosophy and reviews and approves compensation for executive officers, in consultation with the Compensation Committee’s independent executive compensation consultant.

In this section, we describe and analyze:

the material components of our executive compensation programs for the “named executive officers” or “NEOs”;

the material compensation decisions the Compensation Committee made for 2024; and

the key factors considered in