APi Group Corp 8-K

What Happened APi Group Corporation announced that its Board approved a stock dividend of 15,212,810 shares of common stock to satisfy the 2025 annual dividend on the Company’s 4,000,000 shares of Series A preferred stock. The issuance was made on January 2, 2026. The payout in shares was triggered because the volume-weighted average share price over the last ten trading days of 2025 was $38.8096, which exceeded the prior annual dividend price used ($24.8713 for 2024, after a three-for-two stock split via stock dividend in June 2025). Following this issuance, APi reports approximately 431,128,083 shares of common stock outstanding.

Key Details

• 15,212,810 shares of common stock issued on January 2, 2026 to settle the 2025 Series A preferred dividend.
• Series A preferred outstanding: 4,000,000 shares.
• VWAP (last 10 trading days of 2025): $38.8096; prior dividend price for 2024 (post-split): $24.8713.
• Total common shares outstanding after issuance: ~431,128,083.

Why It Matters This filing documents a non-cash, contractual dividend payment that increases APi’s common shares outstanding, diluting existing common shareholders by roughly the proportion of the new shares (about a mid-single-digit percentage increase in share count). Because the dividend was paid in stock rather than cash, it preserves company liquidity but may modestly affect per-share metrics like EPS and voting percentages. The action was required by the terms of the Series A preferred and was consistent with the Company’s previously disclosed intention to settle the dividend in shares.