Thomas V Milroy 4

4 · APi Group Corp · Filed May 19, 2026

AI-generated summary of this filing

Updated May 19, 2026

APi Group (APG) Director Thomas Milroy Exercises RSUs; Shares Withheld

What Happened

Thomas V. Milroy, a director of APi Group (APG), had 4,740 restricted stock units (RSUs settle) convert into an equal number of common shares on May 16, 2026. Of those shares, 2,538 were withheld to satisfy tax withholding obligations (withholding valued at $43.25 per share, totaling $109,769). Separately, Milroy was granted 4,047 RSUs on May 15, 2026 (these are a derivative award, not an open‑market purchase).

Key Details

Transaction dates: RSU grant on May 15, 2026; RSU settlement/conversion and tax withholding on May 16, 2026. Filing date: May 19, 2026 (Form 4 accession 0001628280-26-036559).
Price/values: Withheld shares priced at $43.25 each; 2,538 shares withheld ≈ $109,769. RSU conversions recorded at $0.00 because they are awards/derivatives.
Shares owned after transaction: Not specified in the provided filing excerpt.
Notable footnotes:
- F1/F4/F6: 4,740 RSUs settled for 4,740 shares; each RSU represents a right to one common share; those RSUs vested on May 16, 2026 (one‑year anniversary of grant, subject to continued service).
- F3: 2,538 shares were withheld to cover tax liabilities (a common cashless/withholding method, coded F).
- F5: The newly granted 4,047 RSUs vest May 15, 2027, subject to continued service.
- F2: Amounts adjusted for a three‑for‑two stock dividend effective June 30, 2025.
Timeliness: Form 4 was filed May 19, 2026; this appears to be within the SEC’s two‑business‑day filing requirement for the May 15–16 transactions.

Context

These transactions reflect RSU vesting and tax withholding, not an open‑market sale or purchase. The RSU settlement is effectively the conversion of a derivative award into shares; withholding to cover taxes is routine and should not be read as a directional market bet. The new RSU grant (4,047) vests one year after grant, subject to continued service.

Form 4

Period: 2026-05-15

Director

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-05-16+4,740→ 84,259 total
Tax Payment
Common Stock
[F3]
2026-05-16$43.25/sh−2,538$109,769→ 81,721 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)

Footnotes (6)

[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]Amount has been adjusted pursuant to a three-for-two stock dividend effected on June 30, 2025.
[F3]Shares withheld for tax liability.
[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 vest on May 16, 2026, 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.

Signature

/s/ Louis B. Lambert, Attorney-in-Fact|2026-05-19

1 file