Kevin Krumm - Sep 1, 2023 Form 4 Insider Report for APi Group Corp (APG)

Role
EVP & Chief Financial Officer
Signature
/s/Louis B. Lambert, Attorney-in-Fact
Stock symbol
APG
Transactions as of
Sep 1, 2023
Transactions value $
-$281,628
Form type
4
Date filed
9/6/2023, 04:56 PM
Previous filing
Mar 13, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APG Common Stock Options Exercise $0 +20.1K +113.47% $0.00 37.9K Sep 1, 2023 Direct F1
transaction APG Common Stock Tax liability -$282K -9.91K -26.15% $28.41 28K Sep 1, 2023 Direct F2
holding APG Common Stock 404 Sep 1, 2023 By 401(k) Plan F3, F4

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 -20.1K -50% $0.00 20.1K Sep 1, 2023 Common Stock 20.1K Direct F5, F6
holding APG Performance Stock Units 49.9K Sep 1, 2023 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, 2023, 20,148 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 Shares acquired under the Issuer's Profit Sharing & 401(k) Plan in an exempt transaction pursuant to Rule 16b-3(c).
F4 These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
F5 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F6 These restricted stock units vest in three equal installments on September 1, 2022, September 1, 2023 and September 1, 2024.
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.