Aptiv management check
APTV · Consumer Discretionary · Automotive Parts & Equipment · CEO Kevin P. Clark
Filings as of
3 good · 2 to watch · 2 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $58, against $170 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.26 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
11.7% of net income$19.3m of reported pay in fiscal 2025, against $165.0m of net income.
- Good
Do they own the stock?
Insiders are buying4 insiders bought $8.6m on the open market in the last six months, with their own money, near the lows. Sales: $365k.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -11.7% a year over the last three fiscal years. Stock-based pay was 0.7% of revenue in the latest year.
- Good
Is leadership stable?
3 leadership filings in 3 yearsCEO in the pay table: Kevin P. Clark. 3 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Watch
Are the books clean?
An annual report was amendedNo restatements, auditor changes or late filings since 2021. 1 amended annual report.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 70 | |
| Pay for performance | 63 | 79 | |
| CEO cost | 0 | 44 | |
| Skin in the game | 80 | 36 | |
| Dilution | 100 | 74 | |
| Stable leadership | 100 | 80 | |
| Clean books | 70 | 100 |
Closest peers
Nearest in rank in Consumer Discretionary, by management score. Aptiv is 37th of 47 in its sector.
- 306BBYBest Buy61
- 311TSCOTractor Supply60
- 315DASHDoorDash60
- 324DPZDomino's60
- 340APTVAptiv59
- 356CMGChipotle Mexican Grill58
Pay versus performance
From the proxy statement filed March 16, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Kevin P. Clark | $19.3m | $24.7m | $8.7m | $58 | $170 | $165.0m |
| 2024 | Kevin P. Clark | $18.8m | $9.6m | $10.0m | $46 | $149 | $1.8bn |
| 2023 | Kevin P. Clark | $18.0m | $16.1m | $9.7m | $69 | $102 | $2.9bn |
| 2022 | Kevin P. Clark | $16.2m | −$3.3m | $5.9m | $71 | $63 | $594.0m |
| 2021 | Kevin P. Clark | $14.7m | $20.8m | $4.9m | $127 | $149 | $590.0m |
The board says pay is tied most to Adjusted Net Income. Its other key measures: Adjusted Operating Income, Return on Net Assets, Relative Total Shareholder Return.
Insiders and the CEO's stake
Kevin P Clark (Chair and CEO) held 599,826 shares directly after their latest Form 4 on Aug 12, 2026.
4 insiders bought $8.6m on the open market in the last six months, with their own money, near the lows. Sales: $365k.
- BoughtPaul M MeisterDirector$5.0mAug 5, 2026
- BoughtKevin P ClarkChair and CEO$2.5mAug 10, 2026
- BoughtSean O MahoneyDirector$553kAug 11, 2026
- BoughtHakan AgnevallDirector$551kAug 13, 2026
Leadership and governance on file
- Mar 16, 2026Leadership change8-K 5.02
- Dec 5, 2025Leadership change8-K 5.02
- Nov 7, 2024Leadership change8-K 5.02
- Mar 28, 2024Annual report amended10-K/A
- Dec 16, 2022Leadership change8-K 5.02
- Mar 18, 2022Leadership change8-K 5.02
Latest shareholder vote results: Apr 30, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $5.0bn returned to owners in buybacks and dividends, 82% of net income, and $547.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $15.6bn | $17.5bn | $20.1bn | $19.7bn | $20.4bn |
| Net income | $590.0m | $594.0m | $2.9bn | $1.8bn | $165.0m |
| Stock-based pay | $87.0m | $86.0m | $115.0m | $120.0m | $139.0m |
| Buybacks | $0 | $0 | $398.0m | $4.1bn | $397.0m |
| Dividends | $63.0m | $0 | — | — | — |
| Diluted shares | 271m | 271m | 283m | 257m | 221m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.