Andrew J. Cebulla - 17 Feb 2022 Form 4 Insider Report for APi Group Corp (APG)

Role: Controller & CAO
Signature: /s/ Andrea Fike as Attorney-in-Fact
Issuer symbol: APG
Transactions as of: 17 Feb 2022
Net transactions value: -$7,682
Form type: 4
Filing time: 22 Feb 2022, 07:00:10 UTC
Next filing: 30 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APG	Common Stock	Options Exercise		+1,005			1,005	17 Feb 2022	Direct	F1
transaction	APG	Common Stock	Tax liability	$7,682	-361	-36%	$21.28	644	17 Feb 2022	Direct	F2

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		-1,005	-33%		2,009	17 Feb 2021	Common Stock	1,005		Direct	F1, F3, F4
holding	APG	Performance Stock Units						12,057	17 Feb 2022	Common Stock	12,057		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 17, 2022, 1,005 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
F2	Shares withheld for tax liability.
F3	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F4	These restricted stock units vest in equal installments on February 17, 2022, February 17, 2023 and February 17, 2024.
F5	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.