CLARK KEVIN P 4
Research Summary
AI-generated summary
Aptiv (APTV) CEO Kevin P. Clark Sells Shares to Cover Taxes ($5.9M)
What Happened
Kevin P. Clark, Chair and CEO of Aptiv PLC, had three related equity events reported on a Form 4. On 2026-02-28 he was awarded 31,137 ordinary shares (performance-based). Also on 2026-02-28, 80,115 shares were withheld/sold to cover tax liabilities at $73.54 per share, generating proceeds of $5,891,657. On 2026-03-03 he made a gift of 83,988 shares (no proceeds).
Key Details
- Transaction dates and prices: Award 31,137 shares (2026-02-28) at $0.00; tax withholding/sale 80,115 shares (2026-02-28) at $73.54 ($5,891,657); gift 83,988 shares (2026-03-03) at $0.00.
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes: F1 — the 31,137 award reflects additional shares for performance above target for the 2023–2025 period. F2 — 80,115 shares were withheld to pay tax liabilities upon vesting.
- Filing: Form filed 2026-03-03 for transactions dated 2026-02-28 and 2026-03-03; timing appears consistent with Form 4 reporting requirements.
Context
The award is a performance-based grant (not a purchase). The sale/withholding was a tax-withholding/cashless mechanism tied to vesting (routine administrative action), and the gift is a disposition that does not necessarily reflect the insider’s view on the stock. No options were exercised in this report.