APi Group director settles RSUs and gets new grant

APi Group director Thomas V. Milroy reported compensation-related equity activity.

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Form Type

Rhea-AI Filing Summary

APi Group director Thomas V. Milroy reported compensation-related equity activity. On May 16, 2026, 4,740 restricted stock units were settled into an equal number of Common Stock shares, with 2,538 shares withheld to cover tax liability. Following these transactions, he directly holds 81,721 Common Stock shares. On May 15, 2026, he also received a grant of 4,047 restricted stock units that each represent a contingent right to one Common Stock share and are scheduled to vest on May 15, 2027, subject to continued service.

Insider Trade Summary

4,740 shares exercised/converted

Exercise 4 txns

Insider Thomas V Milroy

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,740	$0.00	$0.00
Exercise	Common Stock	4,740	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	2,538	$43.25	$110K
Grant/Award	Restricted Stock Units	4,047	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 4,047 contracts (Direct); Common Stock — 81,721 shares (Direct)

Footnotes (6)

F1. On May 16, 2026, 4,740 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
F2. Amount has been adjusted pursuant to a three-for-two stock dividend effected on June 30, 2025.
F3. Shares withheld for tax liability.
F4. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F5. These restricted stock units vest on May 15, 2027, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.
F6. These restricted stock units vest on May 16, 2026, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.

Key Figures

RSUs settled: 4,740 units Shares withheld for taxes: 2,538 shares Common Stock holdings: 81,721 shares +5 more

8 metrics

RSUs settled 4,740 units Restricted stock units settled into Common Stock on May 16, 2026

Shares withheld for taxes 2,538 shares Common Stock withheld to cover tax liability on May 16, 2026

Common Stock holdings 81,721 shares Direct Common Stock owned after transactions

New RSU grant 4,047 units Restricted stock units granted on May 15, 2026

RSU vesting date May 15, 2027 Scheduled vesting for 4,047-unit RSU grant

RSU-to-share ratio 1:1 Each RSU represents a contingent right to one Common Stock share

Tax-withholding transactions 1 event, 2,538 shares Recorded under transaction code F

Derivative exercises 4,740 units Exercise/conversion of RSUs into Common Stock

Key Terms

Restricted Stock Units, three-for-two stock dividend, tax liability, contingent right, +1 more

5 terms

Restricted Stock Units financial

"4,740 of the Reporting Person's restricted stock units were settled for an equal number of shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

three-for-two stock dividend financial

"Amount has been adjusted pursuant to a three-for-two stock dividend effected on June 30, 2025"

tax liability financial

"Shares withheld for tax liability"

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

vest financial

"These restricted stock units vest on May 15, 2027, which is the one-year anniversary of the grant date"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did APi Group (APG) director Thomas V. Milroy report?

Thomas V. Milroy reported equity compensation activity, including settlement of 4,740 restricted stock units into Common Stock and related tax-withholding of 2,538 shares, plus a new grant of 4,047 restricted stock units that will vest in 2027, subject to continued service.

How many APi Group (APG) shares does Thomas V. Milroy hold after these Form 4 transactions?

After the reported transactions, Thomas V. Milroy directly holds 81,721 shares of APi Group Common Stock. This reflects the settlement of 4,740 restricted stock units into shares and the withholding of 2,538 shares to satisfy tax obligations tied to that vesting event.

What restricted stock unit grant did Thomas V. Milroy receive from APi Group (APG)?

On May 15, 2026, Thomas V. Milroy received 4,047 restricted stock units from APi Group. Each unit represents a contingent right to one Common Stock share and is scheduled to vest on May 15, 2027, if he continues providing service through the vesting date.

Why were 2,538 APi Group (APG) shares disposed of in Thomas V. Milroy’s Form 4?

The 2,538 shares were withheld to cover tax liability associated with vested equity. This tax-withholding disposition is recorded with transaction code “F” and does not represent an open-market sale, but shares delivered to satisfy the reporting person’s tax obligations.

What does the 4,740-unit RSU settlement mean for APi Group (APG) director Milroy?

On May 16, 2026, 4,740 of Milroy’s restricted stock units settled into an equal number of Common Stock shares. This reflects a vesting and conversion of equity awards into stock, paired with tax withholding, rather than open-market buying or selling activity.

When will Thomas V. Milroy’s new APi Group (APG) restricted stock units vest?

The 4,047 restricted stock units granted on May 15, 2026 are scheduled to vest on May 15, 2027. Vesting is conditioned on Milroy’s continuous service with APi Group through that date, after which each unit becomes one Common Stock share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/19/2026 - 05:00 PM EDT

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Thomas V Milroy

(Last)

(First)

(Middle)

C/O API GROUP CORPORATION

1100 OLD HIGHWAY 8 NW

(Street)

NEW BRIGHTON

MINNESOTA

55112

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/16/2026		M		4,740	A	$0⁽¹⁾	84,259⁽²⁾	D
Common Stock	05/16/2026		F		2,538⁽³⁾	D	$43.25	81,721	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽⁴⁾	05/15/2026		A		4,047		⁽⁵⁾	⁽⁵⁾	Common Stock	4,047	$0	4,047	D
Restricted Stock Units	⁽⁴⁾	05/16/2026		M			4,740	⁽⁶⁾	⁽⁶⁾	Common Stock	4,740	$0	0	D

Explanation of Responses:

1. On May 16, 2026, 4,740 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.

2. Amount has been adjusted pursuant to a three-for-two stock dividend effected on June 30, 2025.

3. Shares withheld for tax liability.

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

5. These restricted stock units vest on May 15, 2027, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.

6. These restricted stock units vest on May 16, 2026, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.

Remarks:

	/s/ Louis B. Lambert, Attorney-in-Fact	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR