APi Group (APG) SVP receives stock units and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
APi Group Corp SVP and Chief People Officer Kristina M. Morton reported several equity transactions. She received grants of 14,004 performance stock units and 9,336 restricted stock units, and exercised 27,381 performance stock units into 50,902 shares of common stock. To cover tax liabilities, 24,154 common shares were withheld at a price of $44.99 per share, leaving her with 104,441 directly held common shares and additional indirect holdings through the company’s 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,381 shares exercised/converted
Mixed
11 txns
Insider
MORTON KRISTINA M
Role
SVP and Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Units | 14,004 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 9,336 | $0.00 | -- |
| Exercise | Performance Stock Units | 27,381 | $0.00 | -- |
| Exercise | Common Stock | 50,902 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,154 | $44.99 | $1.09M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 14,004 shares (Direct);
Restricted Stock Units — 9,336 shares (Direct);
Common Stock — 128,595 shares (Direct);
Common Stock — 953 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- The number of shares of the Issuer's Common Stock were acquired pursuant to the settlement of a performance share unit award (the "2023 PSUs"). The number of shares of Common Stock that were earned at the end of the performance period was increased based on results of the performance condition. Amount has been adjusted pursuant to a three-for-two stock dividend effected on June 30, 2025. Includes 491 shares acquired under the Issuer's employee stock purchase plan. Shares withheld for tax liability. These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan. Represents an award of performance stock units (the "2026 PSUs"). The 2026 PSUs will have a performance period beginning January 1, 2026 and ending December 31, 2028. 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 2026 PSUs, which are not a derivative security. 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 March 1, 2027, March 1, 2028, and March 1, 2029. 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. 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 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. 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 equity awards did APi Group (APG) executive Kristina Morton receive?
Kristina M. Morton received 14,004 performance stock units and 9,336 restricted stock units. These awards increase her potential future ownership, subject to performance conditions and vesting schedules described in the footnotes to the Form 4 filing.
How many APi Group (APG) performance stock units did Morton exercise?
Morton exercised 27,381 performance stock units, converting them into 50,902 shares of common stock. This reflects settlement of earlier awards, with the earned number of shares adjusted based on the performance conditions tied to the 2023 PSU grant.
What is Kristina Morton’s direct APi Group (APG) common stock holding after these transactions?
After the reported transactions, Morton directly holds 104,441 shares of APi Group common stock. This figure reflects the net result of equity award exercises and tax-withholding dispositions reported for the transaction date in the Form 4.