APi Group (APG) SVP Lambert logs RSU conversions, PSUs and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,278 shares exercised/converted
Mixed
13 txns
Insider
Lambert Louis
Role
SVP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,379 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,427 | $0.00 | -- |
| Exercise | Common Stock | 5,379 | $0.00 | -- |
| Exercise | Common Stock | 5,427 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,318 | $44.46 | $236K |
| Exercise | Restricted Stock Units | 7,472 | $0.00 | -- |
| Exercise | Common Stock | 7,472 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,677 | $44.46 | $163K |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,379 shares (Direct);
Common Stock — 25,322 shares (Direct);
Performance Stock Units — 24,204 shares (Direct);
Common Stock — 953 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- Shares withheld for tax liability. These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan. 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 February 27, 2024, February 27, 2025, and February 27, 2026. These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027. These restricted stock units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028. 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. 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. 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. These restricted stock units vest in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
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.
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.