Paul W. Grunau - 17 Feb 2022 Form 4 Insider Report for APi Group Corp (APG)

Role: CHIEF LEARNING OFFICER
Signature: /s/ Andrea Fike as Attorney-in-Fact
Issuer symbol: APG
Transactions as of: 17 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Feb 2022, 07:00:18 UTC
Previous filing: 05 Oct 2021
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		+1,187	+0.21%		560,432	17 Feb 2022	Direct	F1, F2
holding	APG	Common Stock						271	17 Feb 2022	By 401(k) Plan	F3

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		-1,187	-33%		2,373	17 Feb 2021	Common Stock	1,187		Direct	F1, F4, F6
holding	APG	Restricted Stock Units						16,260	17 Feb 2022	Common Stock	16,260		Direct	F4, F5
holding	APG	Performance Stock Units						14,242	17 Feb 2022	Common Stock	14,242		Direct	F7

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

Explanation of Responses:

Id	Content
F1	On February 17, 2022, 1,187 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
F2	Includes 562 shares acquired pursuant to the APi Group Corporation 2020 Employee Stock Purchase Plan.
F3	These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
F4	Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F5	These restricted stock units vest in equal installments on October 1, 2020, October 1, 2021 and October 1, 2022.
F6	These restricted stock units vest in equal installments on February 17, 2022, February 17, 2023 and February 17, 2024.
F7	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.