WHEELER CARRIE 4

What Happened
Carrie Wheeler, a director of APi Group (APG), had 7,844 restricted stock units (RSUs) vest and be settled into an equal number of common shares on May 16, 2026. The filing also shows those 7,844 shares were disposed the same day. Separately, Wheeler was recorded as receiving a grant of 6,590 RSUs on May 15, 2026 (these RSUs are not immediately vested). The reported acquisition and conversion entries show $0 per share (typical for RSU settlements); the filing does not report sale proceeds for the disposed shares.

Key Details

• Transaction dates: RSU grant recorded 2026-05-15; 7,844 RSUs vested/converted and were disposed 2026-05-16.
• Reported prices: $0.00 per share for the RSU grant and conversion entries; the filing does not disclose proceeds/price for the disposal.
• Shares owned after transaction: not stated in the filing.
• Footnotes of note:
  • F1: 7,844 RSUs settled into 7,844 common shares on May 16, 2026.
  • F2: Share amounts adjusted for a 3-for-2 stock dividend on June 30, 2025.
  • F3: Each RSU equals a contingent right to one share.
  • F4/F5: The 6,590 RSUs vest on May 15, 2027; the 7,844 RSUs vested on May 16, 2026 (one-year anniversaries of grant dates).
• Filing timeliness: Report filed 2026-05-19 for transactions on 5/15 and 5/16; this filing date appears to meet the Form 4 two-business-day requirement.

Context
Restricted stock units are deferred compensation that convert to shares upon vesting. In this filing, one RSU award vested and was converted into shares which were then disposed the same day — effectively a settlement with immediate disposition. The new 6,590 RSU award shown on May 15, 2026 remains subject to future vesting (May 15, 2027) and does not represent an immediate purchase. The filing is informational and does not state the insider’s motivation.