Form 4: APi Group CFO Jackola Reports Equity Transactions

APi Group's EVP & CFO, Glenn David Jackola, reported the settlement of performance share units, acquisition of new equity awards, and shares withheld for tax liability.

Summary

• Glenn David Jackola, EVP & Chief Financial Officer of APi Group Corp, reported transactions on February 24, 2026.
• Acquired 17,862 shares of Common Stock from the settlement of 2023 Performance Stock Units (PSUs), with the number of shares increasing due to successful performance conditions.
• Disposed of 7,886 shares of Common Stock at $44.99 per share to cover tax liabilities related to the equity settlement.
• Received new awards including 29,340 Performance Stock Units (2026 PSUs) with a performance period from January 1, 2026, to December 31, 2028.
• Received 19,560 Restricted Stock Units (RSUs) vesting in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
• Following these transactions, Jackola directly owns 26,831 shares of Common Stock and indirectly owns 1,557 shares through a 401(k) Plan.
• The filing also details existing RSU and PSU awards with various vesting and performance periods extending through December 31, 2028.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. The settlement of PSUs based on performance is positive, and the new grants align executive incentives, but the transactions are routine and not indicative of significant new information.

Positives

• Settlement of 2023 Performance Stock Units resulted in an increased number of shares (17,862) due to successful performance conditions.
• Grant of new Performance Stock Units (29,340 2026 PSUs) and Restricted Stock Units (19,560 RSUs) indicates continued long-term incentive alignment with company performance.

Negatives

• 7,886 shares were disposed of to cover tax liabilities, representing a reduction in direct share ownership.

Future Outlook

The filing outlines future vesting schedules for various Restricted Stock Units (RSUs) extending through March 1, 2029, and performance periods for Performance Stock Units (PSUs) extending through December 31, 2028. These awards are subject to performance conditions and continued service, aligning executive incentives with long-term company performance.

Industry Context

StockSavvy.ai notes that these transactions represent routine executive compensation events, typical for publicly traded companies. The mix of performance-based and time-based equity awards is a standard practice to incentivize long-term performance and retention, aligning executive interests with shareholder value creation.

Related Party Transactions

• The transactions involve equity awards granted by APi Group Corp to its EVP & Chief Financial Officer, Glenn David Jackola, which are inherently related-party dealings as part of executive compensation.

Stakeholder Impact

• Shareholders: The settlement of performance-based awards indicates that certain company performance metrics were met, which is generally positive. The grant of new long-term incentives aligns management's interests with shareholder value.
• Employees: No direct impact on general employees is indicated.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated.

Next Steps

• Vesting of 19,560 Restricted Stock Units in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
• Performance period for 29,340 2026 Performance Stock Units to conclude on December 31, 2028.
• Continued vesting of existing Restricted Stock Units on various dates through March 1, 2029.
• Conclusion of performance periods for 2024 PSUs (December 31, 2026), 2025 PSUs (December 31, 2027), and 3-28-2025 PSUs (December 31, 2027).

Key Dates

Recommendation

The filing details routine executive compensation transactions, including the settlement of performance-based awards and the grant of new equity incentives. While the performance-based settlement is a positive indicator of past company performance, these transactions are standard and do not provide new material information that would warrant a change in investment recommendation. The stock's performance will depend on broader company fundamentals and market conditions, not these routine insider filings.

Keywords

APi Group, APG, Glenn David Jackola, Form 4, Insider Trading, Equity Compensation, Performance Stock Units, Restricted Stock Units, Executive Compensation, Share Ownership