Company: APTV
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000950170-25-036263
Chunk: 41

Company: Aptiv PLC
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 41
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| 2024 Non-Qualified Deferred Compensation |

The Aptiv Deferred Compensation Plan (“DCP”) is a non-qualified deferred compensation program available to a limited number of employees, including the NEOs. Under the DCP, participants receive Aptiv contributions in excess of the limits imposed upon the Aptiv Salaried 401(k) Plan by the Code. PLAN BENEFITS Employees who were eligible for DCP deferrals in 2024 were permitted to defer additional income above $345,000 (the maximum eligible compensation limit under the Aptiv Salaried 401(k) Plan for 2024) into a DCP deferral account. They also received the following benefits: • All DCP-eligible employees receive an Aptiv contribution of 4% of their base salary and annual incentive award. This contribution occurs even if the individual does not elect to make deferrals into the DCP; and • Eligible employees who made deferral contributions under the DCP received an additional Aptiv matching contribution of 50% on the individual’s voluntary deferrals up to 7% of the base salary and annual incentive award over the qualified plan limit, which constitutes a maximum contribution by Aptiv of 3.5% of each employee’s eligible compensation. INVESTMENT OPTIONS Participants in the DCP may select investment options for their deferred amounts. The investment options consist of a small selection of index mutual funds and do not offer any guaranteed or above-market returns. DEFERRAL ELECTION PROCESS The DCP deferral election process is conducted prior to the year in which eligible income is earned. For the 2024 plan year, deferral elections were required to be made no later than December 31, 2023. During this process, eligible employees were allowed to make deferral elections related to their 2024 base salary and any annual incentive award based on 2024 performance that would be scheduled to be paid in 2025 (but no later than March 15, 2025). DISTRIBUTIONS Eligible employees must also elect a distribution date for their deferred amounts. A base salary deferral must remain deferred for a minimum of one year, and any annual incentive deferrals must remain deferred for a minimum of two years. VESTING All employee deferrals and Aptiv contributions are immediately vested. The values displayed in the table below include contributions to the NEOs’ DCP accounts by the NEOs and by Aptiv in 2024, as well as the aggregate balances of these accounts at the end of