MORTON KRISTINA M 4

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.