Russell A. Becker - Oct 1, 2021 Form 4 Insider Report for APi Group Corp (APG)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Andrea Fike as Attorney-in-Fact
Stock symbol
APG
Transactions as of
Oct 1, 2021
Transactions value $
-$1,435,283
Form type
4
Date filed
10/5/2021, 02:45 PM
Previous filing
Aug 18, 2021
Next filing
Feb 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APG Common Stock Options Exercise +163K +17.41% 1.1M Oct 1, 2021 Direct F1
transaction APG Common Stock Tax liability -$1.44M -67.7K -6.15% $21.19 1.03M Oct 1, 2021 Direct F2
holding APG Common Stock 170K Oct 1, 2021 By Spouse
holding APG Common Stock 812 Oct 1, 2021 By Son
holding APG Common Stock 700 Oct 1, 2021 By Son
holding APG Common Stock 700 Oct 1, 2021 By Son
holding APG Common Stock 505K Oct 1, 2021 By Trust F3
holding APG Common Stock 605K Oct 1, 2021 By Trust F4
holding APG Common Stock 573K Oct 1, 2021 By Trust F5
holding APG Common Stock 564 Oct 1, 2021 By 401(k) Plan F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction APG Restricted Stock Units Options Exercise -163K -50% 163K Oct 1, 2021 Common Stock 163K Direct F1, F7, F8
holding APG Restricted Stock Units 52.4K Oct 1, 2021 Common Stock 52.4K Direct F7, F9
holding APG Performance Stock Units 209K Oct 1, 2021 Common Stock 209K Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 1, 2021, 163,333 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
F2 Share withheld for tax liability.
F3 The securities are held by the Russell A. Becker GST Trust dated November 30, 2020 (the "GST Trust"). Mr. Becker's spouse is the trustee of the GST Trust and Mr. Becker may be considered to have beneficial ownership of the GST Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
F4 The securities are held by the Patricia L. Becker Legacy Trust dated December 21, 2020 (the "Legacy Trust"). Mr. Becker is the trustee of the Legacy Trust and Mr. Becker may be considered to have beneficial ownership of the Legacy Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
F5 The securities are held by the Russell A. Becker 2016 Family Trust (the "Family Trust"). Mr. Becker's spouse is the trustee of the Family Trust and Mr. Becker may be considered to have beneficial ownership of the Family Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
F6 These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
F7 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F8 These restricted stock units vest in equal installments on October 1, 2021 and October 1, 2022.
F9 These restricted stock units vest in equal installments on February 17, 2022, February 17, 2023 and February 17, 2024.
F10 Represents an award of performance stock units (the "2021 PSUs"). The 2021 PSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest 100% on December 31, 2023. The number of shares of the Issuer's Common Stock that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.