Thomas V Milroy 4

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.