Russell A. Becker - 01 Oct 2022 Form 4 Insider Report for APi Group Corp (APG)

Role
PRESIDENT AND CEO, Director
Signature
/s/ Russell A. Becker
Issuer symbol
APG
Transactions as of
01 Oct 2022
Net transactions value
-$1,066,377
Form type
4
Filing time
03 Oct 2022, 21:44:37 UTC
Previous filing
11 Mar 2022
Next filing
22 Feb 2023
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 +163,333 +16% 1,182,249 01 Oct 2022 Direct F1
transaction APG Common Stock Tax liability $1,066,377 -80,360 -6.8% $13.27 1,101,889 01 Oct 2022 Direct F2
holding APG Common Stock 130,950 01 Oct 2022 By Spouse
holding APG Common Stock 812 01 Oct 2022 By Son
holding APG Common Stock 700 01 Oct 2022 By Son
holding APG Common Stock 700 01 Oct 2022 By Son
holding APG Common Stock 531,680 01 Oct 2022 By Trust F3
holding APG Common Stock 644,050 01 Oct 2022 By Trust F4
holding APG Common Stock 572,993 01 Oct 2022 By Trust F5
holding APG Common Stock 1,109 01 Oct 2022 By 401(k) Plan F6, F7

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 -163,333 -100% 0 01 Oct 2022 Common Stock 163,333 Direct F1, F8, F9
holding APG Restricted Stock Units 34,904 01 Oct 2022 Common Stock 34,904 Direct F8, F10
holding APG Performance Stock Units 209,425 01 Oct 2022 Common Stock 209,425 Direct F11
holding APG Restricted Stock Units 51,999 01 Oct 2022 Common Stock 51,999 Direct F8, F12
holding APG Performance Stock Units 103,997 01 Oct 2022 Common Stock 103,997 Direct F13
holding APG Performance Stock Units 143,618 01 Oct 2022 Common Stock 143,618 Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 1, 2022, 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 Shares 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 Share acquired under the Issuer's Profit Sharing & 401(k) Plan in an exempt transaction pursuant to Rule 16b-3(c).
F7 These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
F8 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F9 These restricted stock units vest in equal installments on October 1, 2020, October 1, 2021 and October 1, 2022.
F10 These restricted stock units vest in equal installments on February 17, 2022, February 17, 2023 and February 17, 2024.
F11 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.
F12 These restricted stock units vest in equal installments on March 9, 2023, March 9, 2024 and March 9, 2025.
F13 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.
F14 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.