Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 19

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 19
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 annual compensation for the other NEOs is at risk and 68% is granted in equity. |               34 |
| We use a structured goal-setting process for performance incentives, with multiple levels of review including the Compensation Committee, its consultant and senior management.                                        |               35 |
| NEOs’ annual incentives are typically based on achievement of multi-faceted financial and strategic annual performance goals.                                                                                          |               37 |
| 60% of the NEOs’ annual long-term incentive compensation consists of performance-based RSUs, which deliver value based on achievement of multi-year financial and relative TSR goals.                                  |               38 |
| We review and analyze our pay-for-performance alignment on an annual basis, both in absolute terms and relative to our peer group.                                                                                     |                — |

| Compensation Governance                                                                                                                                | More Information 
          On Page |
| We actively engage with our shareholders to discuss governance and executive compensation matters.                                                     |               31 |
| We maintain reasonable severance practices in line with market practices, including double-trigger change in control provisions.                       |               41 |
| We maintain stock ownership guidelines for our NEOs.                                                                                                   |               42 |
| We maintain insider trading, comprehensive clawback, anti-hedging and anti-pledging policies.                                                          |               43 |
| We offer no excise tax gross-ups to our NEOs.                                                                                                          |               43 |
| Our Compensation Committee utilizes an independent compensation consultant.                                                                            |               43 |
| We annually review our compensation programs to ensure they do not create risks that are reasonably likely to have a material adverse effect on Aptiv. |               44 |

COMPENSATION DISCUSSION AND ANALYSIS31

EXECUTIVE COMPENSATION PHILOSOPHY AND STRATEGY

General Philosophy in Establishing and Making Pay Decisions.Our executive compensation programs reflect our pay-for-performance philosophy and encourage executives to make sound decisions that drive short- and long-term shareholder value creation. The Compensation Committee utilizes a combination of fixed and variable pay elements in order to achieve the following objectives:

Emphasize a pay-for-performance culture by linking incentive compensation to defined short- and long-term performance goals;

Attract, retain and motivate key executives by providing competitive total compensation opportunities; and

Align executive and investor interests by establishing market- and investor-relevant metrics that drive shareholder value creation.

Given the on-going transformation of our Company, we seek talent across a broad range of industries, including technology. Our goal for target total direct compensation (base salary