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

Role
President and CEO, Director
Signature
Louis B. Lambert, Attorney-in-Fact
Stock symbol
APG
Transactions as of
Feb 17, 2024
Transactions value $
-$299,649
Form type
4
Date filed
2/21/2024, 06:09 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 +17.5K +1.55% 1.14M Feb 17, 2024 Direct F1
transaction APG Common Stock Tax liability -$300K -8.58K -0.75% $34.92 1.13M Feb 17, 2024 Direct F2
holding APG Common Stock 131K Feb 17, 2024 By Spouse
holding APG Common Stock 812 Feb 17, 2024 By Son
holding APG Common Stock 700 Feb 17, 2024 By Son
holding APG Common Stock 700 Feb 17, 2024 By Son
holding APG Common Stock 532K Feb 17, 2024 By Trust F3
holding APG Common Stock 644K Feb 17, 2024 By Trust F4
holding APG Common Stock 573K Feb 17, 2024 By Trust F5
holding APG Common Stock 1.51K Feb 17, 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 -17.5K -100% $0.00* 0 Feb 17, 2024 Common Stock 17.5K Direct F8, F9
holding APG Performance Stock Units 144K Feb 17, 2024 Common Stock 144K 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.