MORTON KRISTINA M 4
4 · APi Group Corp · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
APi Group (APG) SVP Kristina Morton Sells 24,154 Shares to Cover Taxes
What Happened
Kristina M. Morton, APi Group’s Senior Vice President & Chief People Officer, had performance awards settle and reported related transactions on Feb 24, 2026. The filing shows a settlement/exercise or conversion of 50,902 shares (2023 performance share units) and 24,154 shares were disposed/withheld to satisfy tax liabilities at $44.99 per share (≈ $1,086,688). The filing also reports new/awarded derivative awards: 14,004 and 9,336 restricted/contingent units (reported as grants), and an additional 27,381 derivative shares reported as disposed in the same filing.
Key Details
- Transaction date: February 24, 2026. Filing date: February 26, 2026 (filed within two days).
- Sale/withholding: 24,154 shares disposed/withheld at $44.99 each; total ≈ $1,086,688 (code F = payment of exercise price or tax liability / shares withheld for taxes).
- Award/settlement: 50,902 shares acquired via settlement/conversion of 2023 PSUs (code M). Additional grants reported: 14,004 and 9,336 restricted/contingent units (code A). One line shows 27,381 derivative shares disposed (code M) with $0 reported.
- Notable footnotes: F1 — 2023 PSUs settled and the number of shares was increased based on performance results; F4 — shares were withheld to cover tax liability; F10/F11/F12 etc. describe vesting schedules and that several PSUs/RSUs are subject to future vesting/performance. Some PSU awards (2024–2026) are voluntarily reported and will vest only if performance/vesting conditions are met.
- Shares owned after the transactions: not specified in the excerpt provided.
- Transaction codes explained: M = exercise/conversion of derivative; F = payment for exercise price or tax withholding; A = grant/award.
Context / What this means for investors
- This is a routine settlement of performance-based awards and tax withholding, not an open-market investment decision. The 24,154-share disposal was to satisfy tax obligations on the settled awards (a common administrative step).
- The filing also reports new/continuing awards (RSUs and PSUs) that vest over multiple years and/or are performance-conditioned; those are not immediate purchases and will only convert to shares if vesting/performance criteria are met.
- Facts only — no inference about Morton’s view of APi Group’s stock is warranted from tax-withholding transactions. Purchases would generally be more indicative of a direct bullish signal.
Insider Transaction Report
Form 4
MORTON KRISTINA M
SVP and Chief People Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2][F3]2026-02-24+50,902→ 128,595 total - Tax Payment
Common Stock
[F4]2026-02-24$44.99/sh−24,154$1,086,688→ 104,441 total - Award
Performance Stock Units
[F6]2026-02-24+14,004→ 14,004 total→ Common Stock (14,004 underlying) - Award
Restricted Stock Units
[F7][F8]2026-02-24+9,336→ 9,336 total→ Common Stock (9,336 underlying) - Exercise/Conversion
Performance Stock Units
[F9]2026-02-24−27,381→ 0 total→ Common Stock (27,381 underlying)
Holdings
- 953(indirect: By 401(k))
Common Stock
[F2][F5] - 6,084
Restricted Stock Units
[F7][F10][F2]→ Common Stock (6,084 underlying) - 19,880
Performance Stock Units
[F11][F2]→ Common Stock (19,880 underlying) - 8,836
Restricted Stock Units
[F7][F12][F2]→ Common Stock (8,836 underlying) - 21,210
Performance Stock Units
[F13][F2]→ Common Stock (21,210 underlying) - 14,141
Restricted Stock Units
[F7][F14][F2]→ Common Stock (14,141 underlying)
Footnotes (14)
- [F1]The number of shares of the Issuer's Common Stock were acquired pursuant to the settlement of a performance share unit award (the "2023 PSUs"). The number of shares of Common Stock that were earned at the end of the performance period was increased based on results of the performance condition.
- [F10]These restricted stock units vest in equal installments on February 27, 2024, February 27, 2025, and February 27, 2026.
- [F11]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 and to the extent earned will vest 100% on 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.
- [F12]These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
- [F13]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.
- [F14]These restricted stock units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
- [F2]Amount has been adjusted pursuant to a three-for-two stock dividend effected on June 30, 2025.
- [F3]Includes 491 shares acquired under the Issuer's employee stock purchase plan.
- [F4]Shares withheld for tax liability.
- [F5]These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
- [F6]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.
- [F7]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F8]These restricted stock units vest in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
- [F9]Represents an award of performance stock units (the "2023 PSUs"). The 2023 PSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest 100% on December 31, 2025. 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 2023 PSUs, which are not a derivative security.
Signature
/s/ Louis B. Lambert, Attorney-in-Fact|2026-02-26