Kevin Krumm - Sep 1, 2022 Form 4 Insider Report for APi Group Corp (APG)

Role: Chief Financial Officer
Signature: /s/ Kevin Krumm
Stock symbol: APG
Transactions as of: Sep 1, 2022
Transactions value $: -$95,203
Form type: 4
Date filed: 9/6/2022, 07:00 AM
Previous filing: Mar 11, 2022
Next filing: Mar 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APG	Common Stock	Options Exercise		+20.1K			20.1K	Sep 1, 2022	Direct	F1
transaction	APG	Common Stock	Tax liability	-$95.2K	-6.17K	-30.6%	$15.44	14K	Sep 1, 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		-20.1K	-33.33%		40.3K	Sep 1, 2022	Common Stock	20.1K		Direct	F1, F3, F4
holding	APG	Restricted Stock Units						18.1K	Sep 1, 2022	Common Stock	18.1K		Direct	F3, F5
holding	APG	Performance Stock Units						36.1K	Sep 1, 2022	Common Stock	36.1K		Direct	F6
holding	APG	Performance Stock Units						49.9K	Sep 1, 2022	Common Stock	49.9K		Direct	F7

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

Explanation of Responses:

Id	Content
F1	On September 1, 2022, 20,149 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 three equal installments on September 1, 2022, September 1, 2023 and September 1, 2024.
F5	These restricted stock units vest in equal installments on March 9, 2023, March 9, 2024 and March 9, 2025.
F6	Represents an award of performance stock units (the "2022-1 PSUs"). The 2022-1 PSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest 100% on December 31, 2024. 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 results of the performance condition.
F7	Represents an award of performance stock units (the "2022-2 PSUs"). The 2022-2 PSUs will vest upon the Issuer's Common Stock achieving a specified price per share over a specified period by March 9, 2027 and to the extent earned will vest 100% on the later of the date that such performance condition is satisfied and March 9, 2025, the third anniversary of the grant date.