APi Group (NYSE: APG) SVP sells 22,000 shares and receives new stock unit awards
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 22,000 shares ($983,620)
Net Sell
12 txns
Insider
Lambert Louis
Role
SVP, Gen Counsel & Secretary
Sold
22,000 shs ($984K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,000 | $44.71 | $984K |
| Grant/Award | Performance Stock Units | 15,864 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 10,576 | $0.00 | -- |
| Exercise | Performance Stock Units | 33,626 | $0.00 | -- |
| Exercise | Common Stock | 62,511 | $0.00 | -- |
| Tax Withholding | 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,148 shares (Direct);
Performance Stock Units — 15,864 shares (Direct);
Restricted Stock Units — 10,576 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. Shares withheld for tax liability. 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. 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. 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. 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 insider transactions did APi Group (APG) executive Louis Lambert report?
Louis Lambert reported a mix of equity transactions, including an open-market sale of 22,000 APi Group Common shares and several equity incentive awards. The filing also details tax-withholding share disposals and updated balances in performance and restricted stock units, plus shares held via a 401(k) plan.
What new equity awards did Louis Lambert receive from APi Group (APG)?
Louis Lambert received 15,864 Performance Stock Units and 10,576 Restricted Stock Units with a grant price of $0.00. Footnotes explain these awards vest over multiple years and that performance stock units have multi-year performance periods, with final share amounts adjusted based on measured performance outcomes.
What do the performance stock units reported by Louis Lambert at APi Group (APG) represent?
The performance stock units represent rights to receive APi Group Common shares after multi-year performance periods. Footnotes describe 2023–2026 PSU awards, noting earned share counts can increase or decrease based on performance conditions, and that these units are voluntarily reported even though they are not classified as derivative securities.