0001628280-24-007732.txt : 20240228 0001628280-24-007732.hdr.sgml : 20240228 20240228192854 ACCESSION NUMBER: 0001628280-24-007732 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240226 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Becker Russell A. CENTRAL INDEX KEY: 0001805568 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39275 FILM NUMBER: 24698036 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] ORGANIZATION NAME: 05 Real Estate & Construction 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 wk-form4_1709166527.xml FORM 4 X0508 4 2024-02-26 0 0001796209 APi Group Corp APG 0001805568 Becker Russell A. C/O API GROUP CORPORATION 1100 OLD HIGHWAY 8 NW NEW BRIGHTON MN 55112 1 1 0 0 President and CEO 0 Common Stock 2024-02-26 4 M 0 209425 0 A 1341734 D Common Stock 2024-02-26 4 F 0 103038 35.79 D 1238696 D Common Stock 2024-02-27 4 M 0 32451 0 A 1271147 D Common Stock 2024-02-27 4 F 0 15966 35.72 D 1255181 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 572993 I By Trust Common Stock 644050 I By Trust Common Stock 1513 I By 401(k) Plan Restricted Stock Units 2024-02-26 4 A 0 66891 0 A Common Stock 66891 66891 D Performance Stock Units 2024-02-26 4 M 0 209425 0 D Common Stock 209425 0 D Restricted Stock Units 2024-02-27 4 M 0 32451 0 D Common Stock 32451 64902 D Performance Stock Units Common Stock 143618 143618 D On February 26, 2024, 209,245 of the Reporting Person's performance stock units were settled for an equal number of shares of the Issuer's Common Stock. Shares withheld for tax liability. On February 27, 2024, 32,451 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock. 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 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. 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. 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 March 1, 2025, March 1, 2026, and March 1, 2027. 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 February 27, 2024, February 27, 2025, and February 27, 2026. 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/ Louis B. Lambert, Attorney-in-Fact 2024-02-28