Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 20

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 20
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, annual and long-term incentives) for our officers, including the NEOs, is to provide market competitive compensation that allows us to attract and retain the best global talent. Compensation for individual roles is based on a review of market data and multiple factors, including each executive’s role and responsibilities, the individual’s performance over time, the experience and critical skills the individual may bring to the role with Aptiv, and talent market dynamics.

2024 Say-on-Pay.At our 2024 Annual Meeting, we received support from approximately 90% of votes cast for our named executive officers’ compensation. Management and the Compensation Committee closely reviewed our shareholders’ 2024 Say-on-Pay vote and believe it indicates support for the Company’s executive compensation program and pay-for-performance philosophy. Based on this support, as well as with the feedback we have heard through our shareholder engagement efforts, the Compensation Committee has maintained the overall pay-for-performance philosophy, compensation objectives and governing principles it has used in recent years when making decisions or adopting policies regarding executive compensation.

2024 Shareholder Engagement.Aptiv is committed to regular, proactive engagement, communication, and transparency with shareholders, which enables the Company to better understand shareholders’ perspectives about Aptiv and the market generally.

As part of this commitment, in November 2024, our CEO engaged with a majority of our top 25 shareholders, primarily to discuss our CFO transition from Mr. Massaro to Mr. Laroyia. As part of our formal outreach program, we then extended the opportunity to our top 25 shareholders representing approximately 57% of our then-outstanding shares, to meet with our Chief Legal Officer, Chief People Officer and Investor Relations in December 2024. Members of our Board also met with shareholders. In these shareholder meetings, topics discussed included Aptiv’s path to carbon neutrality, supply chain management, talent development and retention, and diversity and inclusion. The Board and management appreciated the constructive and positive input received from shareholders on all topics, which has continued to give us valuable insight into our shareholders’ priorities. We have and will continue to incorporate shareholder feedback into our practices.

In addition to the formal outreach discussed above, members of management continued to have regular and extensive interaction with our investors throughout the year to discuss our businesses, technologies, end markets, financial results, operational execution and our sustainability efforts at numerous conferences and roadshows, in addition to Company-hosted events and quarterly conference calls; in particular, in 2024, the Company hosted 296 one-on-one investor meetings, 12 investor conferences