Company: APTV
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001521332-25-000040
Chunk: 209

Company: Aptiv PLC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 209
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96.62 Forfeited(211)$84.03 Nonvested, June 30, 20254,011 $80.38 Aptiv recognized share-based compensation expense related to these RSUs of $37 million ($32 million, net of tax) and $27 million ($23 million, net of tax) based on the Company’s best estimate of ultimate performance against the respective targets during the three months ended June 30, 2025 and 2024, respectively. Aptiv recognized share-based compensation expense of $67 million ($59 million, net of tax) and $52 million ($44 million, net of tax) based on the Company’s best estimate of ultimate performance against the respective targets during the six months ended June 30, 2025 and 2024, 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 June 30, 2025, unrecognized compensation expense on a pre-tax basis of approximately $253 million is anticipated to be recognized over a weighted average period of approximately two years. For the six months ended June 30, 2025 and 2024, approximately $19 million and $21 million, respectively, 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.

19. SEGMENT REPORTING

 In connection with the Separation, as further described in Note 22. Separation of Electrical Distribution Systems, in the first quarter of 2025 Aptiv realigned its business into three reportable operating segments: Electrical Distribution Systems, Engineered Components Group and Advanced Safety and User Experience. Prior period amounts have been adjusted retrospectively to reflect the change in reportable operating segments, consistent with the current year presentation, throughout the consolidated financial statements and the accompanying notes to the consolidated financial statements.Aptiv operates its core business along the following operating segments, which are grouped on the basis of similar product, market and operating factors: •Electrical Distribution Systems, which includes the full range of low voltage and high voltage power, signal and data distribution solutions needed to deliver fully integrated, cost-optimized architectures. As described in Note 22. Separation of Electrical Distribution Systems, the Company is pursuing