Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 27

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 27
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 the achievement of the performance goals during the period, the earned award was 63% of the target opportunity. As a result, the Compensation Committee approved the following 2022-2024 performance-based RSU award payouts.

|                   |     | Performance-Based RSUs   |     |        |     |                     |     |        |     |                  |     |        |
| Name(1)           |     | Target Units Granted (#) |     |        |     | Units Forfeited (#) |     |        |     | Actual           
 Units Earned (#) |     |        |
| Kevin P. Clark    |     |                          |     | 54,125 |     |                     |     | 20,026 |     |                  |     | 34,099 |
| Joseph R. Massaro |     |                          |     | 21,650 |     |                     |     |  8,010 |     |                  |     | 13,640 |

(1) Messrs. Laroyia, Khan and Liotine joined Aptiv in 2024, and Mr. Louissaint joined Aptiv in 2023; none of them received a performance-based RSU award in 2022. 2025 INCENTIVE COMPENSATION Changes For 2025, the Compensation Committee approved the following design changes to the Annual Incentive Plan and Long-Term Incentive Plan to ensure alignment of the Company’s reward programs with Aptiv’s strategy and long-term value creation for our shareholders. Annual Incentive Plan. The performance measures within the Annual Incentive Plan were modified to replace Cash Flow and Growth over Market with Revenue. As a result of these changes, the 2025 Annual Incentive Plan includes Revenue, Operating Income and Strategic Results metrics. The Compensation Committee believes these changes create a balanced portfolio of top line, bottom line and strategic performance measures, while simplifying the program and reflecting our continued journey to place more emphasis on the expansion of revenue sources outside the automotive industry.

COMPENSATION DISCUSSION AND ANALYSIS41

Long-Term Incentive Plan.The financial measures in the performance-based component of our Long-Term Incentive Plan were changed to replace Return on Net Assets and Net Income metrics with Return on Invested Capital and Software and Adjacent Market Revenue. The Compensation Committee believes these changes maintain balance between growth and return metrics, while focusing the Aptiv team on the pursuit of our software and non-automotive adjacent market business