4//SEC Filing
Becker Russell A. 4
Accession 0001628280-24-007732
CIK 0001796209other
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 7:28 PM ET
Size
24.9 KB
Accession
0001628280-24-007732
Insider Transaction Report
Form 4
Becker Russell A.
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2024-02-27+32,451→ 1,271,147 total - Exercise/Conversion
Restricted Stock Units
2024-02-27−32,451→ 64,902 total→ Common Stock (32,451 underlying) - Tax Payment
Common Stock
2024-02-27$35.72/sh−15,966$570,306→ 1,255,181 total - Exercise/Conversion
Common Stock
2024-02-26+209,425→ 1,341,734 total - Tax Payment
Common Stock
2024-02-26$35.79/sh−103,038$3,687,730→ 1,238,696 total - Award
Restricted Stock Units
2024-02-26+66,891→ 66,891 total→ Common Stock (66,891 underlying) - Exercise/Conversion
Performance Stock Units
2024-02-26−209,425→ 0 total→ Common Stock (209,425 underlying)
Holdings
- 644,050(indirect: By Trust)
Common Stock
- 130,950(indirect: By Spouse)
Common Stock
- 812(indirect: By Son)
Common Stock
- 700(indirect: By Son)
Common Stock
- 572,993(indirect: By Trust)
Common Stock
- 700(indirect: By Son)
Common Stock
- 1,513(indirect: By 401(k))
Common Stock
- 531,680(indirect: By Trust)
Common Stock
- 143,618
Performance Stock Units
→ Common Stock (143,618 underlying)
Footnotes (12)
- [F1]On February 26, 2024, 209,245 of the Reporting Person's performance stock units were settled for an equal number of shares of the Issuer's Common Stock.
- [F10]Represents an award of performance stock units (the "2021 PSUs"). The 2021 PSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest 100% on December 31, 2023. 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 the results of the performance condition.
- [F11]These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
- [F12]Represents an award of performance stock units (the "2022-2 PSUs"). The 2022-2 PSUs will vest upon the Issuer's Common Stock achieving a specified price per share over a specified period by March 9, 2027 and to the extent earned will vest 100% on the later of the date that such performance condition is satisfied and March 9, 2025, the third anniversary of the grant date.
- [F2]Shares withheld for tax liability.
- [F3]On February 27, 2024, 32,451 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
- [F4]The securities are held by the Russell A. Becker GST Trust dated November 30, 2020 (the "GST Trust"). Mr. Becker's spouse is the trustee of the GST Trust and Mr. Becker may be considered to have beneficial ownership of the GST Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
- [F5]The securities are held by the Russell A. Becker 2016 Family Trust (the "Family Trust"). Mr. Becker's spouse is the trustee of the Family Trust and Mr. Becker may be considered to have beneficial ownership of the Family Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
- [F6]The securities are held by the Patricia L. Becker Legacy Trust dated December 21, 2020 (the "Legacy Trust"). Mr. Becker is the trustee of the Legacy Trust and Mr. Becker may be considered to have beneficial ownership of the Legacy Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
- [F7]These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
- [F8]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F9]These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
Documents
Issuer
APi Group Corp
CIK 0001796209
Entity typeother
Related Parties
1- filerCIK 0001805568
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 7:28 PM ET
- Size
- 24.9 KB