Kristina M. Morton - Mar 9, 2024 Form 4 Insider Report for APi Group Corp (APG)

Role
SVP and Chief People Officer
Signature
/s/ Louis B. Lambert, Attorney-in-Fact
Stock symbol
APG
Transactions as of
Mar 9, 2024
Transactions value $
-$471,871
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 +25.7K +126.23% $0.00 46K Mar 9, 2024 Direct F1
transaction APG Common Stock Tax liability -$472K -12.1K -26.34% $38.93 33.9K Mar 9, 2024 Direct F2

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 -25.7K -50% $0.00 25.7K Mar 9, 2024 Common Stock 25.7K Direct F3, F4
holding APG Performance Stock Units 18.3K Mar 9, 2024 Common Stock 18.3K Direct F5
holding APG Restricted Stock Units 8.11K Mar 9, 2024 Common Stock 8.11K Direct F3, F6
holding APG Performance Stock Units 13.3K Mar 9, 2024 Common Stock 13.3K Direct F7
holding APG Restricted Stock Units 8.84K Mar 9, 2024 Common Stock 8.84K Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 9, 2024, 25,678 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 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F4 These restricted stock units vest in equal installments on March 9, 2023, March 9, 2024 and March 9, 2025.
F5 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.
F6 These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
F7 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.
F8 These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.