Kevin Krumm - Sep 1, 2024 Form 4 Insider Report for APi Group Corp (APG)

Signature
/s/ Louis B. Lambert, Attorney-in-Fact
Stock symbol
APG
Transactions as of
Sep 1, 2024
Transactions value $
-$352,407
Form type
4
Date filed
9/4/2024, 08:20 PM
Previous 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 +20.1K +54.11% $0.00 57.4K Sep 1, 2024 Direct F1
transaction APG Common Stock Tax liability -$352K -9.91K -17.27% $35.55 47.5K Sep 1, 2024 Direct F2
holding APG Common Stock 686 Sep 1, 2024 By 401(k) Plan F3

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 -20.1K -100% $0.00 0 Sep 1, 2024 Common Stock 20.1K Direct F4, F5
holding APG Restricted Stock Units 6.02K Sep 1, 2024 Common Stock 6.02K Direct F4, F6
holding APG Restricted Stock Units 22.5K Sep 1, 2024 Common Stock 22.5K Direct F4, F7
holding APG Restricted Stock Units 23.2K Sep 1, 2024 Common Stock 23.2K Direct F4, F8
holding APG Performance Stock Units 36.1K Sep 1, 2024 Common Stock 36.1K Direct F9
holding APG Performance Stock Units 49.9K Sep 1, 2024 Common Stock 49.9K Direct F10
holding APG Performance Stock Units 50.7K Sep 1, 2024 Common Stock 50.7K Direct F11
holding APG Performance Stock Units 34.9K Sep 1, 2024 Common Stock 34.9K Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 1, 2024, 20,148 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 These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F5 These restricted stock units vest in three equal installments on September 1, 2022, September 1, 2023 and September 1, 2024.
F6 These restricted stock units vest in equal installments on March 9, 2023, March 9, 2024 and March 9, 2025.
F7 These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
F8 These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
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 2023 PSUs are not a derivative security, however the Reporting Person is voluntarily reporting the ownership of the 2023 PSUs.
F12 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 2024 PSUs are not a derivative security, however the Reporting Person is voluntarily reporting the ownership of the 2024 PSUs.