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.
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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.
How many APi Group (APG) shares does the reporting officer own after the transaction?
Following the January 1, 2026 transactions, the officer directly owned 11,852 shares of APi Group common stock and 846 additional shares held through the company’s Profit Sharing & 401(k) Plan.
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.
Why were 708 APi Group (APG) shares disposed of in this insider transaction?
The 708 shares were withheld by the issuer to cover the reporting person’s tax liability arising from the equity vesting, as explained in the response stating that shares were withheld for taxes.
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.