v3.25.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
ScheduleofBoardOfDirectorsRSUGrants
Aptiv has granted RSUs to the Board of Directors as detailed in the table below:
Grant DateRSUs grantedGrant Date Fair Value (1)Vesting DateShares Issued Upon VestingFair Value of Shares at IssuanceShares Withheld to Cover Withholding Taxes
(dollars in millions)
April 202538,590 $April 2026N/AN/AN/A
April 202430,497 $April 202529,199 $1,298 
April 202320,584 $April 202418,272 $2,312 
(1)Determined based on the closing price of the Company’s ordinary shares on the date of the grant.
Schedule of Share-based Compensation Restricted Stock Units Performance Awards Weighting Each executive will receive between 0% and 240% (200% prior to 2025) of his or her target performance-based award based on the Company’s performance against established company-wide performance metrics, which are:
Metric2025
Grant
2021 - 2024
Grants
Average return on invested capital (1)70%N/A
Software and adjacent market revenue30%N/A
Relative total shareholder return (2)(3)33%
Average return on net assets (4)N/A33%
Cumulative net incomeN/A33%
(1)Average return on invested capital is measured by tax-affected operating income divided by average invested capital. Average invested capital is measured by the sum of average total shareholders’ equity plus average net debt for each calendar year during the respective performance period.
(2)Relative total shareholder return is measured by comparing the average closing price per share of the Company’s ordinary shares for the specified trading days in December of the performance period to the average closing price per share of the Company’s ordinary shares for the specified trading days in December of the year preceding the grant, including dividends, and assessed against a comparable measure of competitor and peer group companies.
(3)The performance-based RSUs granted in 2025 are subject to a performance modifier based on relative total shareholder return, whereby the ultimate payout level of the performance-based RSUs may be adjusted upwards by 20% if relative total shareholder return is in the upper quartile against a comparable measure of competitor and peer group companies or downwards by 20% if in the bottom quartile for the specified trading days of the performance period as defined above. There will be no adjustment if relative total shareholder return is in the middle quartiles.
(4)Average return on net assets is measured by tax-affected operating income divided by average net working capital plus average net property, plant and equipment for each calendar year during the respective performance period.
Schedule of Executive RSU Grants
The details of the annual executive grants were as follows:
Grant DateRSUs GrantedGrant Date Fair ValueTime-Based Award Vesting DatesPerformance-Based Award Vesting Date
(in millions)
February 20210.44 $72 Annually on anniversary of grant date, 2022 - 2024December 31, 2023
February 20220.59 $80 Annually on anniversary of grant date, 2023 - 2025December 31, 2024
February 20230.79 $99 Annually on anniversary of grant date, 2024 - 2026December 31, 2025
February 20241.12 $94 Annually on anniversary of grant date, 2025 - 2027December 31, 2026
February 20251.88 $130 Annually on anniversary of grant date, 2026 - 2028December 31, 2027
ScheduleofExecutiveRSUGrantsVesting
The details of shares issued for vested annual executive grants are as follows:
Time-Based AwardsPerformance-Based Awards
Vesting DateOrdinary Shares Issued Upon VestingFair Value of Shares at IssuanceOrdinary Shares Withheld to Cover Withholding TaxesOrdinary Shares Issued Upon VestingFair Value of Shares at IssuanceOrdinary Shares Withheld to Cover Withholding Taxes
(dollars in millions)
Q1 2025554,363 $36 224,317 138,010 $58,518 
Q1 2024461,052 $36 188,897 151,245 $12 65,910 
Schedule of Share-based Compensation Restricted Stock Units Award Activity
A summary of RSU activity, including award grants, vesting and forfeitures is provided below:
RSUsWeighted Average Grant Date Fair Value
 (in thousands)
Nonvested, January 1, 20252,770 $92.98 
Granted2,087 $68.97 
Vested(635)$96.62 
Forfeited(211)$84.03 
Nonvested, June 30, 20254,011 $80.38