Russell A. Becker - Feb 26, 2024 Form 4 Insider Report for APi Group Corp (APG)

Signature
/s/ Louis B. Lambert, Attorney-in-Fact
Stock symbol
APG
Transactions as of
Feb 26, 2024
Transactions value $
-$4,258,036
Form type
4
Date filed
2/28/2024, 07:28 PM
Previous filing
Feb 21, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APG Common Stock Options Exercise $0 +209K +18.5% $0.00 1.34M Feb 26, 2024 Direct F1
transaction APG Common Stock Tax liability -$3.69M -103K -7.68% $35.79 1.24M Feb 26, 2024 Direct F2
transaction APG Common Stock Options Exercise $0 +32.5K +2.62% $0.00 1.27M Feb 27, 2024 Direct F3
transaction APG Common Stock Tax liability -$570K -16K -1.26% $35.72 1.26M Feb 27, 2024 Direct F2
holding APG Common Stock 131K Feb 26, 2024 By Spouse
holding APG Common Stock 812 Feb 26, 2024 By Son
holding APG Common Stock 700 Feb 26, 2024 By Son
holding APG Common Stock 700 Feb 26, 2024 By Son
holding APG Common Stock 532K Feb 26, 2024 By Trust F4
holding APG Common Stock 573K Feb 26, 2024 By Trust F5
holding APG Common Stock 644K Feb 26, 2024 By Trust F6
holding APG Common Stock 1.51K Feb 26, 2024 By 401(k) Plan 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 Award $0 +66.9K $0.00 66.9K Feb 26, 2024 Common Stock 66.9K Direct F8, F9
transaction APG Performance Stock Units Options Exercise $0 -209K -100% $0.00* 0 Feb 26, 2024 Common Stock 209K Direct F10
transaction APG Restricted Stock Units Options Exercise $0 -32.5K -33.33% $0.00 64.9K Feb 27, 2024 Common Stock 32.5K Direct F8, F11
holding APG Performance Stock Units 144K Feb 26, 2024 Common Stock 144K Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 26, 2024, 209,245 of the Reporting Person's performance stock units were settled for an equal number of shares of the Issuer's Common Stock.
F2 Shares withheld for tax liability.
F3 On February 27, 2024, 32,451 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
F4 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.
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 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.
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 March 1, 2025, March 1, 2026, and March 1, 2027.
F10 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.
F11 These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
F12 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.