0001628280-24-010665.txt : 20240312
0001628280-24-010665.hdr.sgml : 20240312
20240312174006
ACCESSION NUMBER: 0001628280-24-010665
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240309
FILED AS OF DATE: 20240312
DATE AS OF CHANGE: 20240312
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: 24743649
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_1710279596.xml
FORM 4
X0508
4
2024-03-09
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
2024-03-09
4
M
0
17333
0
A
1272514
D
Common Stock
2024-03-09
4
F
0
8528
38.93
D
1263986
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
1513
I
By 401(k) Plan
Restricted Stock Units
2024-03-09
4
M
0
17333
0
D
Common Stock
17333
17333
D
Performance Stock Units
Common Stock
103997
103997
D
Performance Stock Units
Common Stock
143618
143618
D
Performance Stock Units
Common Stock
146030
146030
D
Restricted Stock Units
Common Stock
64902
64902
D
Performance Stock Units
Common Stock
100336
100336
D
Restricted Stock Units
Common Stock
66891
66891
D
On March 9, 2024, 17,333 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.
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 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. The Reporting Person is voluntarily reporting the 2022-1 PSUs, which are not a derivative security.
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.
Represents an award of performance stock units (the "2023 PSUs"). The 2023 PSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest 100% on December 31, 2025. 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. The Reporting Person is voluntarily reporting the 2023 PSUs, which are not a derivative security.
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 "2024 PSUs"). The 2024 PSUs will have a performance period beginning January 1, 2024 and ending December 31, 2026 and to the extent earned will vest 100% on December 31, 2026. 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. The Reporting Person is voluntarily reporting the 2024 PSUs, which are not a derivative security.
These restricted stock units vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
/s/ Louis B. Lambert, Attorney-in-Fact
2024-03-12