Aptiv (NYSE: APTV) CEO awarded 243,207 new share-based grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CLARK KEVIN P reported acquisition or exercise transactions in this Form 4 filing.
Aptiv PLC Chair and CEO Kevin P. Clark received new equity awards in the form of ordinary shares. He was granted 145,924 shares and an additional 97,283 shares at no cash cost, increasing his directly held stake to 599,826 shares.
Separately, 727,210 shares are held indirectly through the Kevin P. Clark Revocable Trust. According to the footnotes, some of these awards will vest in three equal installments beginning on February 28, 2027, and certain performance shares vest based on performance criteria over a period from January 1, 2026 to December 31, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CLARK KEVIN P
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 97,283 | $0.00 | -- |
| Grant/Award | Ordinary Shares | 145,924 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 453,902 shares (Direct, null);
Ordinary Shares — 727,210 shares (Indirect, By Kevin P. Clark Revocable Trust)
Footnotes (1)
- The shares will vest in three equal installments beginning on February 28, 2027. Total reflects adjustment of outstanding awards as a result of the spin-off of Versigent PLC. Each performance share represents a contingent right to receive an ordinary share of Aptiv PLC, and will vest based upon the achievement of specified performance criteria, with a performance period from January 1, 2026 to December 31, 2028.
Key Figures
Time-based share grant: 145,924 ordinary shares
Additional share grant: 97,283 ordinary shares
Direct holdings after grants: 599,826 ordinary shares
+3 more
6 metrics
Time-based share grant
145,924 ordinary shares
Grant/award acquisition on April 22, 2026 at $0.0000 per share
Additional share grant
97,283 ordinary shares
Grant/award acquisition on April 22, 2026 at $0.0000 per share
Direct holdings after grants
599,826 ordinary shares
Direct ownership following April 22, 2026 transactions
Indirect trust holdings
727,210 ordinary shares
Held by Kevin P. Clark Revocable Trust as of April 22, 2026
Vesting start date
February 28, 2027
Time-based awards vest in three equal installments from this date
Performance period
January 1, 2026 to December 31, 2028
Measurement window for performance share vesting criteria
Key Terms
Revocable Trust, performance share, spin-off, vest, +1 more
5 terms
Revocable Trust financial
"Indirect ownership listed as "By Kevin P. Clark Revocable Trust""
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
spin-off financial
"Total reflects adjustment of outstanding awards as a result of the spin-off of Versigent PLC"
A spin-off happens when a company creates a new, independent business by separating part of itself, like splitting off a division into its own company. This often happens so the new company can focus better on its own goals or attract different investors. It matters because it can lead to more growth opportunities and clearer focus for both companies.
vest financial
"The shares will vest in three equal installments beginning on February 28, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
performance period financial
"with a performance period from January 1, 2026 to December 31, 2028"
The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.
FAQ
How does the Aptiv (APTV) filing describe the impact of the Versigent PLC spin-off on awards?
The filing notes that total awards were adjusted because of the Versigent PLC spin-off. A footnote explains that the total share figures reflect an adjustment to outstanding awards resulting from this spin-off transaction, aligning existing equity grants with the new corporate structure.