Russell A. Becker - 17 Feb 2024 Form 4 Insider Report for APi Group Corp (APG)

Signature
Louis B. Lambert, Attorney-in-Fact
Issuer symbol
APG
Transactions as of
17 Feb 2024
Net transactions value
-$299,649
Form type
4
Filing time
21 Feb 2024, 18:09:56 UTC
Previous filing
13 Mar 2023
Next filing
28 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APG Common Stock Options Exercise +17,452 +1.6% 1,140,890 17 Feb 2024 Direct F1
transaction APG Common Stock Tax liability $299,649 -8,581 -0.75% $34.92 1,132,309 17 Feb 2024 Direct F2
holding APG Common Stock 130,950 17 Feb 2024 By Spouse
holding APG Common Stock 812 17 Feb 2024 By Son
holding APG Common Stock 700 17 Feb 2024 By Son
holding APG Common Stock 700 17 Feb 2024 By Son
holding APG Common Stock 531,680 17 Feb 2024 By Trust F3
holding APG Common Stock 644,050 17 Feb 2024 By Trust F4
holding APG Common Stock 572,993 17 Feb 2024 By Trust F5
holding APG Common Stock 1,513 17 Feb 2024 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 $0 -17,452 -100% $0.000000* 0 17 Feb 2024 Common Stock 17,452 Direct F8, F9
holding APG Performance Stock Units 143,618 17 Feb 2024 Common Stock 143,618 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 17, 2024, 17,452 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 Shares 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 February 17, 2022, February 17, 2023 and February 17, 2024.
F10 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.