APTV Insider Liotine Withholds Shares for RSU Taxes, Ownership at 149,208
Rhea-AI Filing Summary
Form 4 Overview: Aptiv PLC (APTV) executive Joseph T. Liotine, EVP & President, EDS, filed a Form 4 with the SEC on 24 June 2025 disclosing a routine share-withholding transaction related to restricted stock unit (RSU) vesting.
- Transaction date: 21 June 2025
- Transaction code: F – shares withheld by the issuer to satisfy tax obligations
- Ordinary shares affected: 8,818 shares disposed at an indicated price of $67.05
- Post-transaction ownership: 149,208 ordinary shares held directly by the executive
- Derivative securities: None reported
Implications for investors: Code F filings are non-discretionary; they neither signal insider bullishness nor bearishness. Liotine retains a substantial equity position (~149k shares), so his long-term alignment with shareholders remains intact. Given Aptiv’s multibillion-dollar market value, the 8.8k-share tax withholding represents a de-minimis 0.006% of shares outstanding and is unlikely to affect market supply-demand dynamics or valuation.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine tax-withholding sale; neutral signal, immaterial to Aptiv’s equity story.
The Code F classification confirms the shares were surrendered automatically to cover RSU tax liabilities, not an elective open-market sale. Disposal of 8,818 shares (<1 % of Liotine’s stake and immaterial vs. Aptiv’s float) has no strategic or operational impact. The executive still owns 149,208 shares, maintaining skin in the game. From a governance and sentiment perspective, the filing is neutral; it neither implies insider pessimism nor alters the supply outlook in a meaningful way.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 8,818 | $67.05 | $591K |
Footnotes (1)
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