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APi Group Corp·4

May 19, 5:00 PM ET

LILLIE JAMES E 4

Research Summary

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Updated

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).