Russell A. Becker - Mar 9, 2024 Form 4 Insider Report for APi Group Corp (APG)

Signature
/s/ Louis B. Lambert, Attorney-in-Fact
Stock symbol
APG
Transactions as of
Mar 9, 2024
Transactions value $
-$331,995
Form type
4
Date filed
3/12/2024, 05:40 PM
Previous 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 +17.3K +1.38% $0.00 1.27M Mar 9, 2024 Direct F1
transaction APG Common Stock Tax liability -$332K -8.53K -0.67% $38.93 1.26M Mar 9, 2024 Direct F2
holding APG Common Stock 131K Mar 9, 2024 By Spouse
holding APG Common Stock 812 Mar 9, 2024 By Son
holding APG Common Stock 700 Mar 9, 2024 By Son
holding APG Common Stock 700 Mar 9, 2024 By Son
holding APG Common Stock 532K Mar 9, 2024 By Trust F3
holding APG Common Stock 644K Mar 9, 2024 By Trust F4
holding APG Common Stock 573K Mar 9, 2024 By Trust F5
holding APG Common Stock 1.51K Mar 9, 2024 By 401(k) Plan F6

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 -17.3K -50% $0.00 17.3K Mar 9, 2024 Common Stock 17.3K Direct F7, F8
holding APG Performance Stock Units 104K Mar 9, 2024 Common Stock 104K Direct F9
holding APG Performance Stock Units 144K Mar 9, 2024 Common Stock 144K Direct F10
holding APG Performance Stock Units 146K Mar 9, 2024 Common Stock 146K Direct F11
holding APG Restricted Stock Units 64.9K Mar 9, 2024 Common Stock 64.9K Direct F7, F12
holding APG Performance Stock Units 100K Mar 9, 2024 Common Stock 100K Direct F13
holding APG Restricted Stock Units 66.9K Mar 9, 2024 Common Stock 66.9K Direct F7, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 9, 2024, 17,333 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 These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
F7 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F8 These restricted stock units vest in equal installments on March 9, 2023, March 9, 2024 and March 9, 2025.
F9 Represents an award of performance stock units (the "2022-1 PSUs"). The 2022-1 PSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest 100% on December 31, 2024. 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 results of the performance condition. The Reporting Person is voluntarily reporting the 2022-1 PSUs, which are not a derivative security.
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.
F11 Represents an award of performance stock units (the "2023 PSUs"). The 2023 PSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest 100% on December 31, 2025. 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 results of the performance condition. The Reporting Person is voluntarily reporting the 2023 PSUs, which are not a derivative security.
F12 These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
F13 Represents an award of performance stock units (the "2024 PSUs"). The 2024 PSUs will have a performance period beginning January 1, 2024 and ending December 31, 2026 and to the extent earned will vest 100% on December 31, 2026. 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 results of the performance condition. The Reporting Person is voluntarily reporting the 2024 PSUs, which are not a derivative security.
F14 These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.