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APi Group Corp·4

May 19, 5:00 PM ET

MALKIN ANTHONY E 4

Research Summary

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Updated

APi Group (APG) Director Anthony Malkin Receives & Converts RSUs

What Happened
Anthony E. Malkin, a director of APi Group Corp. (APG), had 7,844 restricted stock units (RSUs settle into shares) convert into 7,844 shares on May 16, 2026 (exercise/conversion, code M). He was also granted 6,590 RSUs on May 15, 2026 (award, code A). All transactions show $0.00 per share and no cash proceeds reported.

Key Details

  • Transaction dates and types:
    • 2026-05-15: Grant/award of 6,590 RSUs (code A) — $0.00 per share. (These RSUs vest on May 15, 2027 subject to continued service — see F6.)
    • 2026-05-16: Conversion/settlement of 7,844 RSUs into 7,844 shares (code M) — $0.00 per share. The same 7,844 shares also appear as disposed the same day in the filing (code M) — $0.00 per share. Footnote F1 confirms settlement of 7,844 RSUs into shares on May 16, 2026 and footnote F7 notes those RSUs vested on that date.
  • Shares owned after the transactions: not explicitly totaled in the excerpt provided; the filing shows the settlement and an immediate disposition but does not state post-transaction total share count.
  • Notable footnotes:
    • F1: 7,844 RSUs settled for an equal number of shares on May 16, 2026.
    • F5–F7: Each RSU equals one contingent share; vesting schedules noted (one grant vests 5/16/2026, another vests 5/15/2027).
    • F2–F4: Some shares are held by LLCs of which Mr. Malkin is manager; he disclaims beneficial ownership of those LLC-held securities except to the extent of pecuniary interest.
  • Timeliness: Filing dated May 19, 2026 (covers transactions through May 16, 2026). The Form 4 was filed shortly after the transactions and is presented as current in the filing.

Context
RSUs are a form of equity award that convert to shares upon vesting; the filing shows one tranche vested/was settled on May 16, 2026 and another, newly granted tranche, vests one year later. The same-day conversion and reported disposition of 7,844 shares show no open-market sale proceeds in this filing — the document does not specify the reason for the disposition (e.g., transfer to entity, tax withholding, or other), so no inference about trading intent should be made.