Aptiv (APTV) EVP gets performance shares; stock withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aptiv PLC executive Louissaint Obed D., EVP & Chief People Officer, reported equity-related transactions in company ordinary shares. He acquired 7,186 shares at $0.00 per share as a grant tied to performance above target for the 2023-2025 period. In a separate move, 17,315 shares were disposed of at $73.54 per share to cover tax liabilities from restricted stock unit vesting, rather than an open-market sale. Following these transactions, he held 144,742 ordinary shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Louissaint Obed D.
Role
EVP & Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares | 7,186 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 17,315 | $73.54 | $1.27M |
Holdings After Transaction:
Ordinary Shares — 162,057 shares (Direct)
Footnotes (1)
- Additional ordinary shares acquired in connection with achievement in excess of target of specified performance criteria for the 2023-2025 performance period. Shares withheld to pay tax liabilities incident to the vesting of restricted stock units.
FAQ
What insider transactions did Aptiv (APTV) executive Louissaint Obed D. report?
Louissaint Obed D. reported one acquisition and one disposition of Aptiv ordinary shares. He received 7,186 shares as a performance-based grant and 17,315 shares were withheld to cover tax liabilities from restricted stock unit vesting, leaving him with 144,742 shares directly owned.
What do the Form 4 footnotes reveal about the Aptiv (APTV) insider transactions?
The footnotes clarify both transactions are equity-compensation related. One note explains the 7,186 shares were earned from exceeding performance targets, while another states 17,315 shares were withheld solely to cover tax liabilities arising from restricted stock unit vesting, not from discretionary market selling.