Aptiv CEO Clark buys 29.8K shares for $1.9M across 4 transactions; stock down 34.7% from 52-week high.
Kevin P. Clark, Chairman and CEO of Aptiv PLC, executed 4 separate open-market purchases totaling 29,770 shares for $1,948,562.65 at a blended average price of $65.45 on September 10-11, 2024. The stock is currently trading at $67.00, down 34.7% from its 52-week high of $102.67. His prior 5 trades at Aptiv were all sales in May 2023, none of which were well-timed at the 90-day mark—all generated positive subsequent returns, indicating he sold before the stock appreciated. The fundamental backdrop shows strong recent performance: FY revenue growth of +14.6%, a P/E of 4.83, and Q latest net income of $938.0M on $5.1B revenue. His holdings increased 8.9% to 363.9K shares post-transaction. This purchase pattern—multiple tranches at declining prices over two consecutive trading days during a significant drawdown from highs—warrants close observation against the historical record of his prior Aptiv sales, which failed to precede material declines.