Form 4: APi Group Corp Director Ian G.H. Ashken Reports Transactions in Company Stock

Director Ian G.H. Ashken reports acquisition and disposal of APi Group Corp stock, including restricted stock units and shares held through various trusts and entities.

Summary

• On June 18, 2024, Ian G.H. Ashken, a director of APi Group Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• The report indicates that on June 15, 2024, 3,948 restricted stock units were settled for an equal number of shares of APi Group Corp's common stock.
• Ashken also holds shares indirectly through the Ian G.H. Ashken Living Trust (28,062 shares), IGHA Holdings, LLLP (5,828,779 shares), and Mariposa Acquisition IV, LLC (1,659 shares of common stock and 768,000 shares of Series A Preferred Stock).
• Additionally, 200,000 shares are held jointly in an account by the Ashken Trust and the Nancy K. Ashken Living Trust.
• 3,810 restricted stock units were acquired on June 14, 2024, vesting on June 14, 2025.
• The Series A Preferred Stock held by Mariposa Acquisition IV, LLC is convertible into common stock on a one-for-one basis and will automatically convert on the last day of the seventh full financial year following October 1, 2019.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions. It allows investors to monitor the actions of key individuals within the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key insider.

Key Dates