0000899243-22-032537.txt : 20221003
0000899243-22-032537.hdr.sgml : 20221003
20221003214437
ACCESSION NUMBER: 0000899243-22-032537
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221001
FILED AS OF DATE: 20221003
DATE AS OF CHANGE: 20221003
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Becker Russell A.
CENTRAL INDEX KEY: 0001805568
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39275
FILM NUMBER: 221289605
MAIL ADDRESS:
STREET 1: C/O API GROUP, INC.
STREET 2: 1100 OLD HIGHWAY 8 NW
CITY: NEW BRIGHTON
STATE: MN
ZIP: 55112
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: APi Group Corp
CENTRAL INDEX KEY: 0001796209
STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]
IRS NUMBER: 981510303
STATE OF INCORPORATION: D8
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: C/O API GROUP, INC.
STREET 2: 1100 OLD HIGHWAY 8 NW
CITY: NEW BRIGHTON
STATE: MN
ZIP: 55112
BUSINESS PHONE: 651-636-4320
MAIL ADDRESS:
STREET 1: C/O API GROUP, INC.
STREET 2: 1100 OLD HIGHWAY 8 NW
CITY: NEW BRIGHTON
STATE: MN
ZIP: 55112
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-10-01
0
0001796209
APi Group Corp
APG
0001805568
Becker Russell A.
C/O API GROUP CORPORATION
1100 OLD HIGHWAY NW 8
NEW BRIGHTON
MN
55112
1
1
0
0
PRESIDENT AND CEO
Common Stock
2022-10-01
4
M
0
163333
A
1182249
D
Common Stock
2022-10-01
4
F
0
80360
13.27
D
1101889
D
Common Stock
130950
I
By Spouse
Common Stock
812
I
By Son
Common Stock
700
I
By Son
Common Stock
700
I
By Son
Common Stock
531680
I
By Trust
Common Stock
644050
I
By Trust
Common Stock
572993
I
By Trust
Common Stock
1108.7304
I
By 401(k) Plan
Restricted Stock Units
2022-10-01
4
M
0
163333
D
Common Stock
163333
0
D
Restricted Stock Units
Common Stock
34904
34904
D
Performance Stock Units
Common Stock
209425
209425
D
Restricted Stock Units
Common Stock
51999
51999
D
Performance Stock Units
Common Stock
103997
103997
D
Performance Stock Units
Common Stock
143618
143618
D
On October 1, 2022, 163,333 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock.
Shares withheld for tax liability.
The securities are held by the Russell A. Becker GST Trust dated November 30, 2020 (the "GST Trust"). Mr. Becker's spouse is the trustee of the GST Trust and Mr. Becker may be considered to have beneficial ownership of the GST Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
The securities are held by the Patricia L. Becker Legacy Trust dated December 21, 2020 (the "Legacy Trust"). Mr. Becker is the trustee of the Legacy Trust and Mr. Becker may be considered to have beneficial ownership of the Legacy Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
The securities are held by the Russell A. Becker 2016 Family Trust (the "Family Trust"). Mr. Becker's spouse is the trustee of the Family Trust and Mr. Becker may be considered to have beneficial ownership of the Family Trust's interests in the Issuer. Mr. Becker disclaims beneficial ownership of any shares in which he does not have a pecuniary interest.
Share acquired under the Issuer's Profit Sharing & 401(k) Plan in an exempt transaction pursuant to Rule 16b-3(c).
These shares are held in the Reporting Person's account under the Issuer's Profit Sharing & 401(k) Plan.
Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
These restricted stock units vest in equal installments on October 1, 2020, October 1, 2021 and October 1, 2022.
These restricted stock units vest in equal installments on February 17, 2022, February 17, 2023 and February 17, 2024.
Represents an award of performance stock units (the "2021 PSUs"). The 2021 PSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest 100% on December 31, 2023. The number of shares of the Issuer's Common Stock that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
These restricted stock units vest in equal installments on March 9, 2023, March 9, 2024 and March 9, 2025.
Represents an award of performance stock units (the "2022-1 PSUs"). The 2022-1 PSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest 100% on December 31, 2024. The number of shares of the Issuer's Common Stock that will be earned at the end of the performance period is subject to increase or decrease based on results of the performance condition.
Represents an award of performance stock units (the "2022-2 PSUs"). The 2022-2 PSUs will vest upon the Issuer's Common Stock achieving a specified price per share over a specified period by March 9, 2027 and to the extent earned will vest 100% on the later of the date that such performance condition is satisfied and March 9, 2025, the third anniversary of the grant date.
/s/ Russell A. Becker
2022-10-03