Kevin Krumm - 09 Mar 2023 Form 4 Insider Report for APi Group Corp (APG)

Role
EVP & Chief Financial Officer
Signature
/s/Louis B. Lambert, Attorney-in-Fact
Issuer symbol
APG
Transactions as of
09 Mar 2023
Net transactions value
-$62,366
Form type
4
Filing time
13 Mar 2023, 18:03:00 UTC
Previous filing
01 Mar 2023
Next filing
06 Sep 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 $0 +6,019 +42% $0.000000 20,502 09 Mar 2023 Direct F1
transaction APG Common Stock Tax liability $62,366 -2,745 -13% $22.72 17,757 09 Mar 2023 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 $0 -6,019 -33% $0.000000 12,036 09 Mar 2023 Common Stock 6,019 Direct F3, F4
holding APG Performance Stock Units 49,868 09 Mar 2023 Common Stock 49,868 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 9, 2023, 6,019 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 March 9, 2023, March 9, 2024 and March 9, 2025.
F5 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.