Aptiv PLC Files Definitive Proxy Statement for 2024 Annual Meeting

Ticker: APTV · Form: DEF 14A · Filed: Mar 11, 2024 · CIK: 1521332

Aptiv PLC DEF 14A Filing Summary
FieldDetail
CompanyAptiv PLC (APTV)
Form TypeDEF 14A
Filed DateMar 11, 2024
Risk Levellow
Pages15
Reading Time18 min
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Aptiv PLC, Executive Compensation, Corporate Governance

TL;DR

<b>Aptiv PLC has filed its definitive proxy statement for the upcoming annual meeting, detailing executive compensation and other corporate governance matters for the fiscal year ending December 31, 2023.</b>

AI Summary

Aptiv PLC (APTV) filed a Proxy Statement (DEF 14A) with the SEC on March 11, 2024. Aptiv PLC filed a Definitive Proxy Statement (DEF 14A) on March 11, 2024. The filing covers the period ending December 31, 2023. The company was formerly known as Delphi Automotive PLC, with a name change date of May 20, 2011. Aptiv PLC is incorporated in Y9 and its fiscal year ends on December 31. The filing fee for this statement was not required.

Why It Matters

For investors and stakeholders tracking Aptiv PLC, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation, director nominations, and other voting matters ahead of the annual meeting, enabling informed participation in corporate governance. As a public company, Aptiv PLC is required to disclose detailed financial and operational information, including executive pay structures, which can influence investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — Aptiv PLC shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial or operational information that would significantly alter risk assessment.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to understand potential impacts on shareholder value and corporate strategy.

Key Numbers

Key Players & Entities

FAQ

When did Aptiv PLC file this DEF 14A?

Aptiv PLC filed this Proxy Statement (DEF 14A) with the SEC on March 11, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Aptiv PLC (APTV).

Where can I read the original DEF 14A filing from Aptiv PLC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Aptiv PLC.

What are the key takeaways from Aptiv PLC's DEF 14A?

Aptiv PLC filed this DEF 14A on March 11, 2024. Key takeaways: Aptiv PLC filed a Definitive Proxy Statement (DEF 14A) on March 11, 2024.. The filing covers the period ending December 31, 2023.. The company was formerly known as Delphi Automotive PLC, with a name change date of May 20, 2011..

Is Aptiv PLC a risky investment based on this filing?

Based on this DEF 14A, Aptiv PLC presents a relatively low-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not contain new material financial or operational information that would significantly alter risk assessment.

What should investors do after reading Aptiv PLC's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions within the DEF 14A to understand potential impacts on shareholder value and corporate strategy. The overall sentiment from this filing is neutral.

How does Aptiv PLC compare to its industry peers?

Aptiv PLC operates in the Motor Vehicle Parts & Accessories industry (SIC 3714). This filing is a standard proxy statement for a publicly traded company in this sector.

Are there regulatory concerns for Aptiv PLC?

As a publicly traded company, Aptiv PLC is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) under the Securities Exchange Act of 1934.

Industry Context

Aptiv PLC operates in the Motor Vehicle Parts & Accessories industry (SIC 3714). This filing is a standard proxy statement for a publicly traded company in this sector.

Regulatory Implications

As a publicly traded company, Aptiv PLC is subject to SEC regulations, including the requirement to file proxy statements (DEF 14A) under the Securities Exchange Act of 1934.

What Investors Should Do

  1. Analyze the executive compensation packages detailed in the proxy statement.
  2. Review any shareholder proposals and management's recommendations.
  3. Note the date of the annual meeting for which this proxy statement is issued.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure. No specific comparative data from a previous filing was provided in the extracted text.

Filing Stats: 4,391 words · 18 min read · ~15 pages · Grade level 14.2 · Accepted 2024-03-11 16:06:19

Filing Documents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 13) THAT the Company's shareholders approve, on an advisory, non-binding basis, the Company's executive compensation. Table of Contents 2 NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS 14) THAT the Company's shareholders determine, by voting on one of the three alternatives below or abstaining, on an advisory, non-binding basis, the frequency with which they should have an advisory vote on the compensation of the Company's named executive officers: Choice 1 - EVERY YEAR; Choice 2 - EVERY TWO YEARS; Choice 3 - EVERY THREE YEARS; or Choice 4 - ABSTAIN. Resolutions 1 to 12 will be proposed as ordinary resolutions, and Resolutions 13 and 14 will be proposed as advisory, non-binding resolutions. RECORD DATE You are entitled to vote only if you were a shareholder of Aptiv PLC at the close of business on March 4, 2024. Holders of ordinary shares of Aptiv PLC are entitled to one vote for each share held of record on the record date. ATTENDANCE AT THE ANNUAL MEETING We hope you will be able to attend the Annual Meeting in person. If you expect to attend, please check the appropriate box on the proxy card when you return your proxy or follow the instructions on your proxy card to vote and confirm your attendance by telephone or Internet. WHERE TO FIND MORE INFORMATION ABOUT THE RESOLUTIONS AND PROXIES Additional information regarding the business to be conducted and the resolutions is set out in the proxy statement (the "Proxy Statement") and other proxy materials, which can be accessed by following the instructions on the Notice of Internet Availability of Proxy Materials that accompanies this Notice of Annual General Meeting of Shareholders. You are entitled to appoint one or more proxies to attend the Annual Meeting and vote on your behalf. Your proxy does not need to be a shareholder of the Company. Instructions on how to appoint a proxy are set out in the Proxy Statement and on the proxy card. BY ORDER OF THE

Executive Compensation Philosophy and Strategy

Executive Compensation Philosophy and Strategy 35 2023 Compensation Program Overview 37 2023 Annual Compensation Determination 39 2023 Long-Term Compensation 44 Recent New Hire Information 46 Other Compensation 46 Compensation Governance Practices 47 Table of Contents 4 TABLE OF CONTENTS COMPENSATION COMMITTEE REPORT 50 2023 SUMMARY COMPENSATION TABLE 51 2023 GRANTS OF PLAN-BASED AWARDS 53 2023 OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END 55 2023 OPTION EXERCISES AND STOCK VESTED TABLE 57 2023 NON-QUALIFIED DEFERRED COMPENSATION Plan Benefits 58 Investment Options 58 Deferral Election Process 58 Distributions 58 Vesting 58 2023 Non-Qualified Deferred Compensation Table 59 POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL Employment Arrangements 60 Annual Incentive Plan 60 Long-Term Incentive Plan 60 Change in Control Plan 61 Severance Plan 61 Potential Payments upon Termination or Change in Control Table 63 CEO PAY RATIO 65 2023 PAY VERSUS PERFORMANCE TABLE Analysis of the Information Presented in the Pay Versus Performance Table 67 Most Important Measures in Linking Compensation with Performance in Fiscal Year 2023 69 REPORT OF THE AUDIT COMMITTEE 70 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM'S FEES 71 Table of Contents TABLE OF CONTENTS 5 APPOINTMENT OF AND PAYMENT TO AUDITORS (Resolution 11) 72 APPROVE 2024 LONG-TERM INCENTIVE PLAN (Resolution 12) 72 ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (Resolution 13) 81 ADVISORY VOTE ON THE FREQUENCY OF AN ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION (Resolution 14 ) 82 83

SECURITY OWNERSHIP OF MANAGEMENT

SECURITY OWNERSHIP OF MANAGEMENT 84 EQUITY COMPENSATION PLAN INFORMATION 85 RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 86 OTHER INFORMATION Presentation of Accounts 87 Other Business 87 Shareholder Proposals for the 2025 Annual Meeting 87 Householding 87 Record Date 87 Voting Prior to the Annual Meeting 87 Changing Your Vote before the Annual Meeting 88 Voting at the Annual Meeting 88 Quorum for the Annual Meeting 88 Voting Tabulation 88 Broker Non-Votes 88 Attending the Annual Meeting 88 Accessing Proxy Materials on the Internet 89 Notice and Access 89 Proxy Solicitation 89 Corporate Governance Information 89 Voting Results for the Annual Meeting 90 Requests for Copies of Annual Report 90 Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting to be Held on April 24, 2024 90 APPENDIX A A-1 APPENDIX B B-1 Table of Contents 6 2024 PROXY STATEMENT—SUMMARY 2024 Proxy Statement-Summary This summary highlights information contained elsewhere in the Proxy Statement. This summary does not contain all of the information that you should consider, and you should read the entire Proxy Statement carefully before voting. ANNUAL MEETING OF SHAREHOLDERS Date: April 24, 2024 Time: 9:00 a.m. local time Location: The Company's Headquarters, 5 Hanover Quay, Grand Canal Dock, Dublin 2, Ireland D02 VY79 Record Date: March 4, 2024 GENERAL INFORMATION Stock Symbol: APTV Exchange: NYSE Ordinary Shares Outstanding (as of the record date): 272,678,642 shares Registrar & Transfer Agent: Computershare Investor Services Corporate Website: aptiv.com Investor Relations Website: ir.aptiv.com SHAREHOLDER VOTING MATTERS Proposal Board's Voting Recommendation Election of Directors FOR EACH NOMINEE Ratification of Appointment of Independent Registered Public Accounting Firm FOR Approve 2024 Long-Term Incentive Plan FOR Advisor

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