APi Group (APG) VP & Chief Accounting Officer details RSU, PSU awards
Rhea-AI Filing Summary
APi Group Corp reported an insider equity transaction by its VP & Chief Accounting Officer on January 1, 2026. The filing shows 1,390 shares of common stock acquired at an exercise price of $0 through the vesting or settlement of previously granted restricted stock units, and 708 shares withheld at $38.26 to cover tax liabilities. After these transactions, the officer directly owned 11,852 common shares, with an additional 846 shares held through the company 401(k) plan.
The report also lists multiple outstanding equity awards. Restricted stock units generally convert into one share of common stock each and vest in equal installments on dates including January 1, 2026–2028, February 27, 2024–2026, and March 1, 2025–2028. Performance stock units tied to performance periods from 2023–2025, 2024–2026, and 2025–2027 can result in more or fewer shares depending on performance results, and are voluntarily reported even though they are not classified as derivative securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,390 | $0.00 | -- |
| Exercise | Common Stock | 1,390 | $0.00 | -- |
| Tax Withholding | Common Stock | 708 | $38.26 | $27K |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld for tax liability. These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. These restricted stock units vest in equal installments on January 1, 2026, January 1, 2027, and January 1, 2028. 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. 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. These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026. 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. 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. These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027. Represents an award of performance stock units (the "2025 PSUs"). The 2025 PSUs will have a performance period beginning January 1, 2025 and ending December 31, 2027. 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 2025 PSUs, which are not a derivative security. These restricted stock units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
FAQ
What insider transaction did APi Group Corp (APG) report in this Form 4?
The VP & Chief Accounting Officer reported the vesting or settlement of 1,390 restricted stock units into common stock at an exercise price of $0, and the withholding of 708 shares at $38.26 to satisfy tax liabilities on January 1, 2026.
What restricted stock unit (RSU) awards are outstanding for the APi Group (APG) officer?
The filing lists several RSU awards, each RSU representing a contingent right to receive one share of common stock. These RSUs vest in equal installments on January 1, 2026, 2027, and 2028; February 27, 2024, 2025, and 2026; and March 1, 2025, 2026, and 2027, as well as March 1, 2026, 2027, and 2028.
What are the 2023, 2024, and 2025 performance stock units (PSUs) reported for APi Group (APG)?
The officer reported performance stock unit awards labeled 2023 PSUs, 2024 PSUs, and 2025 PSUs. The 2023 PSUs have a performance period from January 1, 2023 to December 31, 2025, the 2024 PSUs from January 1, 2024 to December 31, 2026, and the 2025 PSUs from January 1, 2025 to December 31, 2027. The number of shares ultimately earned can increase or decrease based on performance results.
Are APi Group (APG) performance stock units treated as derivative securities in this report?
The filing states that the 2023, 2024, and 2025 performance stock units are not derivative securities. The officer is voluntarily reporting ownership of these PSUs, even though they are not classified as derivatives.
What role does the reporting person hold at APi Group Corp (APG)?
The reporting person is an officer of APi Group Corp, serving as VP & Chief Accounting Officer, and filed the Form 4 as a single reporting person.