JACKOLA GLENN DAVID 4
Research Summary
AI-generated summary
APi Group (APG) CFO Glenn Jackola Receives Awards & Sells Shares
What Happened
- Glenn Jackola, Chief Financial Officer of APi Group (APG), reported a mix of award settlements and related transactions on 2026-02-24. He received 17,862 shares from the settlement of prior performance stock units (2023 PSUs) and was granted additional equity awards totaling 48,900 shares (29,340 + 19,560) in the form of RSUs/PSUs.
- To satisfy tax obligations, 7,886 shares were withheld/sold at $44.99 per share for proceeds of $354,791. In addition, 9,608 derivative shares were reported as disposed in connection with conversion/exercise activity. Overall, the filing shows a net increase of 49,268 shares (66,762 acquired less 17,494 disposed).
Key Details
- Transaction date: February 24, 2026; Form filed February 26, 2026 (filed within the normal Form 4 reporting window).
- Reported share movements:
- Acquired 17,862 shares (settlement of 2023 PSUs).
- Granted 29,340 and 19,560 shares (RSUs/PSUs; subject to vesting/performance conditions).
- 7,886 shares withheld/sold for taxes at $44.99 → proceeds $354,791.
- 9,608 derivative shares reported as disposed in an exercise/conversion.
- Post-transaction total holdings: Not provided in the supplied data.
- Notable footnotes: the filing includes PSUs with multi-year performance periods (e.g., 2024–2026, 2025–2027, 2026–2028) and RSUs that vest in installments; the 7,886-share sale was a tax withholding.
Context
- Codes: A = award/grant, M = exercise/conversion of a derivative, F = shares withheld/sold to cover taxes. The filing reflects settlements and grants (acquisitions) rather than open-market purchases; the sale was routine tax withholding, not an independent market sell-off.
- PSUs are performance-based and may increase or decrease at the end of their performance periods; RSUs vest over future dates, so many of the granted shares are not immediately tradable.
- This filing is primarily an award/settlement event with routine tax-related share withholding — factual reporting of compensation-related equity activity rather than an explicit director buy or sell signal.