LILLIE JAMES E 4
4 · APi Group Corp · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
APi Group (APG) Director James Lillie Exercises RSUs, Receives Grant
What Happened
- James E. Lillie, a director of APi Group Corp (APG), had 4,740 restricted stock units (RSUs) vest and settle into 4,740 shares on May 16, 2026; those shares were disposed the same day. He was also granted 4,047 RSUs on May 15, 2026. Reported transaction prices are $0.00 because these were RSU settlements and an RSU grant (no open-market purchase price reported).
Key Details
- Transaction dates and types:
- May 15, 2026 — Grant (A): 4,047 RSUs awarded (each RSU = contingent right to one share); reported at $0.00. These RSUs vest on May 15, 2027, subject to continued service.
- May 16, 2026 — Exercise/Conversion (M): 4,740 RSUs vested and were settled for 4,740 shares (acquired) and the same 4,740 shares were disposed on May 16, 2026; reported at $0.00.
- Shares owned after transaction: The Form 4 does not list a simple post-transaction total for all holdings. Footnotes indicate a pecuniary interest in 15,552 common shares and 1,152,000 Series A Preferred shares held by Mariposa Acquisition IV, LLC, and that some common shares are held directly by JTOO LLC (of which Mr. Lillie is manager). Mr. Lillie disclaims beneficial ownership except to the extent of his pecuniary interest.
- Notable footnotes:
- F1/F6: 4,740 RSUs vested on May 16, 2026 and settled into shares.
- F4: Each RSU converts to one common share.
- F5: The newly granted 4,047 RSUs vest on May 15, 2027, conditional on continued service.
- F2/F3: Certain shares are held via Mariposa Acquisition IV, LLC and JTOO LLC; holdings and pecuniary interests are described in the footnotes.
- F7: The Series A Preferred Stock referenced is convertible one-for-one into common shares and will auto-convert per its terms.
- Filing timing: Form 4 was filed on May 19, 2026 reporting the May 15–16 transactions; the filing date is shown on the document (the form does not state a tardiness flag).
Context
- These reports reflect an award of RSUs (a non-cash compensation grant) and the vesting/settlement of a prior RSU award into common shares that were disposed the same day. RSU grants and settlements are common forms of board/employee compensation; the Form 4 does not state the reason for the same-day disposition (e.g., sale to cover taxes or other liquidity needs).
Insider Transaction Report
Form 4
LILLIE JAMES E
Director
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-16+4,740→ 1,279,759 total - Award
Restricted Stock Units
[F4][F5]2026-05-15+4,047→ 4,047 total→ Common Stock (4,047 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F6]2026-05-16−4,740→ 0 total→ Common Stock (4,740 underlying)
Holdings
- 15,552(indirect: By LLC)
Common Stock
[F2] - 9,237,350(indirect: By LLC)
Common Stock
[F3] - 1,152,000(indirect: By LLC)
Series A Preferred Stock
[F7][F2]→ Common Stock (1,152,000 underlying)
Footnotes (7)
- [F1]On May 16, 2026, 4,740 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
- [F2]The shares of Common Stock and Series A Preferred Stock are held directly by Mariposa Acquisition IV, LLC. JTOO LLC, which is owned by the Lillie 2015 Dynasty Trust, of which Mr. Lillie is the grantor, holds a limited liability company interest in Mariposa Acquisition IV, LLC and, as a result, may be deemed to have a pecuniary interest in 15,552 shares of Common Stock and 1,152,000 shares of Series A Preferred Stock held by Mariposa Acquisition IV, LLC. Mr. Lillie disclaims beneficial ownership of any shares except to the extent of his pecuniary interest therein.
- [F3]The shares of Common Stock reported herein are held directly by JTOO LLC, of which Mr. Lillie is the manager.
- [F4]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
- [F5]These restricted stock units vest on May 15, 2027, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.
- [F6]These restricted stock units vested on May 16, 2026, which was the one-year anniversary of the grant date.
- [F7]The Series A Preferred Stock is convertible at any time at the election of the holder, on a one-for-one basis, into shares of Common Stock for no additional consideration. The Series A Preferred Stock shall automatically convert into Common Stock on the last day of the seventh full financial year of the Issuer following October 1, 2019 (or if such date is not a trading day, the first trading day immediately following such date).
Signature
/s/ Louis B. Lambert, Attorney-in-Fact|2026-05-19