Form 4: APi Group Corp Director James E. Lillie Reports Stock Transactions

Director James E. Lillie reports acquisition and disposal of APi Group Corp stock, including restricted stock units and shares held indirectly through LLCs.

Summary

• On June 15, 2024, James E. Lillie, a director of APi Group Corp, settled 3,948 restricted stock units for an equal number of common stock shares.
• Lillie also indirectly holds shares through Mariposa Acquisition IV, LLC and JTOO LLC.
• These holdings include 1,659 shares of common stock and 768,000 shares of Series A Preferred Stock through Mariposa Acquisition IV, LLC, and 5,330,411 shares of common stock through JTOO LLC.
• Additionally, Lillie was granted 3,810 restricted stock units on June 14, 2024, which will vest on June 14, 2025, subject to continuous service.
• The Series A Preferred Stock is convertible to common stock on a one-for-one basis and will automatically convert on the last day of the seventh full financial year after October 1, 2019.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The document does not contain explicit forward-looking statements, but it details the vesting schedule for restricted stock units and the automatic conversion date for Series A Preferred Stock.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is standard practice for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The reported transactions provide transparency to shareholders regarding insider activity.
• The vesting of restricted stock units may incentivize the reporting person to continue service with the issuer.

Key Dates