Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 48

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 48
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 in customer demand. 51% of our workforce is located in North America, where our largest presence is in Mexico. 79% of our North American workforce is part of our global manufacturing workforce. Market levels of pay and wage rates are generally lower in countries in which Aptiv has manufacturing facilities, in line with our regional service model that enables us to efficiently and effectively serve our global customers from best cost countries. In these countries, Aptiv provides market competitive compensation, which, in many cases, is dictated by local union agreements. The Median Employee is a full-time hourly employee located in Mexico, where competitive wages vary greatly from standard U.S. hourly rates. After identifying the Median Employee, we calculated annual total compensation for the Median Employee using the same methodology as compensation reported in the 2024 Summary Compensation Table for the CEO. The Median Employee’s annual total compensation is $9,052. When compared to our CEO’s annual total compensation of $18,758,050, the ratio of the total annual compensation of our CEO to the total annual compensation of our Median Employee was approximately 2,072:1. We believe that there are a number of reasons why our pay ratio is not comparable to that of other companies, including that other companies may have a median employee that works in the U.S., may outsource manufacturing, may have different types of workforces, may operate in different countries, or may utilize different compensation practices. Further, in calculating their own pay ratios, other companies may utilize methodologies, exclusions, estimates, and assumptions that substantially differ from Aptiv’s calculation methodology.

60 2024 PAY VERSUS PERFORMANCE TABLE

| 2024 Pay Versus Performance Table |

In accordance with SEC rules, the following table sets forth information with respect to how the compensation of our NEOs aligns with Company performance.

|         |              |     |               |     |                  |     |                 |     | Value of Initial Fixed $100 
        Investment Based On: |     |             |     |                 |     |                 |
| Year(1) 
 (a)     |      Summary 
 Compensation 
  Table Total 
      for PEO 
          ($) 
          (b) |     |  Compensation 
 Actually Paid 
        to PEO 
  ($)(2)(3)(4) 
           (c) |     |  Average Summary 
     Compensation 
      Table Total 
 for non-PEO NEOs 
              ($) 
              (d) |     |         Average 
    Compensation