APi Group SVP trades 22,000 shares, gets PSU awards
APi Group Corp senior vice president and general counsel Louis Lambert reported mixed equity transactions.
Rhea-AI Filing Summary
APi Group Corp senior vice president and general counsel Louis Lambert reported mixed equity transactions. He completed an open-market sale of 22,000 shares of Common Stock at an average price of about $44.71 per share, leaving 16,148 Common shares held directly.
On the same date range, Lambert acquired equity through incentive awards, including a grant of 15,864 Performance Stock Units and 10,576 Restricted Stock Units at no cost, plus the settlement of previously granted 2023 performance share units into Common Stock. A separate disposal of 30,882 Common shares was made to cover tax liabilities. He also reports holdings in Performance Stock Units, Restricted Stock Units, and 953 Common shares held indirectly in a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,000 | $44.71 | $984K |
| Grant/Award | Performance Stock Units | 15,864 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 10,576 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 33,626 | $0.00 | $0.00 |
| Exercise | Common Stock | 62,511 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 30,882 | $44.99 | $1.39M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (13)
- F1. 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.
- F2. Shares withheld for tax liability.
- F3. Represents the weighted average price of the shares sold on February 26, 2026. The prices of the shares sold pursuant to the transactions ranged from $44.58 to $44.875 per share. The Reporter, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.
- F4. These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
- F5. 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.
- F6. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- F7. These restricted stock units vest in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
- F8. 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 Reporting Person is voluntarily reporting the 2023 PSUs, which are not a derivative security.
- F9. These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
- F10. 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 Reporting Person is voluntarily reporting the 2024 PSUs, which are not a derivative security.
- F11. These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
- F12. 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.
- F13. These restricted stock units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
FAQ
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