Ortberg Robert Kelly 4
Research Summary
AI-generated summary
Aptiv (APTV) Director Robert Ortberg Receives 3,086 RSUs; 287 Withheld
What Happened
- Robert Kelly Ortberg, a director of Aptiv PLC (APTV), had 287 shares withheld on 2026-04-28 to cover tax liabilities (disposition) valued at $16,967 (287 shares @ $59.12). On 2026-04-29 he was granted 3,086 restricted stock units (RSUs) (acquisition, $0.00 per unit) under the company's long-term incentive plan; the RSUs will vest in full one day before Aptiv’s 2027 annual meeting.
Key Details
- Transaction dates and prices:
- 2026-04-28: 287 shares withheld to cover taxes, 287 @ $59.12 = $16,967 (code F — tax withholding).
- 2026-04-29: Grant of 3,086 RSUs, 3,086 @ $0.00 = $0 (code A — award/grant).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Shares were withheld to pay tax liabilities from RSU vesting.
- F2: Award totals reflect an adjustment related to the spin-off of Versigent PLC.
- F3: Each RSU represents a right to one ordinary share and will vest in full one day before the 2027 annual meeting.
- Filing timeliness: Form 4 filed 2026-04-30 for transactions dated 2026-04-28 and 04-29 — appears timely (within required reporting window).
Context
- The 287-share disposition was a tax-withholding event tied to RSU vesting, not an open-market sell; such withholdings are routine and don’t necessarily signal a change in insider sentiment.
- The 3,086-item entry is a grant of RSUs (future shares subject to vesting), not an immediate cash purchase or market buy; value will be realized if and when the RSUs vest and are converted to shares.