APi Group (APG) SVP Lambert logs RSU conversions, PSUs and tax share withholdings

Rhea-AI Filing Summary

APi Group Corp SVP and General Counsel Louis Lambert reported multiple equity award transactions and related tax withholdings. On February 27, 2026, restricted stock units covering 7,472 shares of common stock were converted into common shares, and 3,677 shares of common stock were withheld at a price of $44.46 per share to satisfy tax obligations.

On March 1, 2026, additional restricted stock units covering 5,379 and 5,427 shares were converted into common stock, with a further 5,318 shares withheld at $44.46 per share for taxes. After these transactions, Lambert directly held 25,431 shares of common stock and 10,576 restricted stock units, and indirectly held 953 common shares through the company’s 401(k) plan.

Lambert also reported performance stock unit awards with performance periods running from 2024–2026, 2025–2027, and 2026–2028, with 24,204, 24,417 and 15,864 performance stock units respectively as of February 27, 2026. The final shares earned from these performance units will depend on future performance results.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lambert Louis

(Last) (First) (Middle)

C/O API GROUP CORP

1100 OLD HIGHWAY 8 NW

(Street)

NEW BRIGHTON MN 55112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
APi Group Corp [ APG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Gen Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		M		7,472	A	$0	23,620	D
Common Stock	02/27/2026		F		3,677(1)	D	$44.46	19,943	D
Common Stock	03/01/2026		M		5,379	A	$0	25,322	D
Common Stock	03/01/2026		M		5,427	A	$0	30,749	D
Common Stock	03/01/2026		F		5,318(1)	D	$44.46	25,431	D
Common Stock								953	I	By 401(k) Plan(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	02/27/2026		M			7,472	(4)	(4)	Common Stock	7,472	$0	0	D
Restricted Stock Units	(3)	03/01/2026		M			5,379	(5)	(5)	Common Stock	5,379	$0	5,379	D
Restricted Stock Units	(3)	03/01/2026		M			5,427	(6)	(6)	Common Stock	5,427	$0	10,851	D
Performance Stock Units	(7)							(7)	(7)	Common Stock	24,204		24,204	D
Performance Stock Units	(8)							(8)	(8)	Common Stock	24,417		24,417	D
Performance Stock Units	(9)							(9)	(9)	Common Stock	15,864		15,864	D
Restricted Stock Units	(3)							(10)	(10)	Common Stock	10,576		10,576	D

Explanation of Responses:

1. Shares withheld for tax liability.

2. These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.

3. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.

4. These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.

5. These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.

6. These restricted stock units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.

7. 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.

8. 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.

9. 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.

10. These restricted stock units vest in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.

Remarks:

	/s/ Louis Lambert	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What did APi Group (APG) executive Louis Lambert report in this Form 4?

Louis Lambert reported conversions of restricted stock units into common stock and share withholdings to cover tax liabilities. He also disclosed performance stock unit awards with multi-year performance periods and updated his direct and indirect share and unit holdings.

How many APi Group (APG) shares were withheld for Louis Lambert’s taxes?

A total of 3,677 shares on February 27, 2026 and 5,318 shares on March 1, 2026 were withheld for tax liabilities at a price of $44.46 per share, according to the Form 4 footnote describing shares withheld for tax liability.

How many APi Group (APG) common shares does Louis Lambert hold after these transactions?

After the reported transactions, Louis Lambert directly held 25,431 shares of APi Group common stock and indirectly held 953 additional shares through the company’s Profit Sharing & 401(k) Plan, as stated in the ownership tables and related footnote.

What restricted stock units did Louis Lambert report for APi Group (APG)?

Lambert reported restricted stock units that vest in equal installments on February 27, 2024, 2025 and 2026, and on March 1, 2025, 2026, 2027, 2028 and 2029. Each restricted stock unit represents a contingent right to receive one share of APi Group common stock.

What performance stock unit awards did Louis Lambert disclose for APi Group (APG)?

He reported 2024, 2025 and 2026 performance stock unit awards, with performance periods 2024–2026, 2025–2027 and 2026–2028. As of February 27, 2026 he held 24,204, 24,417 and 15,864 such units, whose final share payouts depend on performance results.

Are Louis Lambert’s performance stock units in APi Group (APG) classified as derivative securities?

The footnotes state the 2024, 2025 and 2026 performance stock units are being voluntarily reported and are not derivative securities. They represent awards whose earned share amounts will vary based on achieving specified performance conditions over each performance period.