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

APi Group Corp director James E. Lillie reported transactions involving restricted stock units and common stock, including settlement of RSUs and indirect beneficial ownership through LLCs.

Summary

• Director James E. Lillie of APi Group Corp (APG) reported transactions on May 16, 2026.
• 4,740 restricted stock units (RSUs) vested and settled into an equal number of common stock shares.
• These RSUs were granted on May 15, 2026, and vested on their one-year anniversary.
• Lillie also holds common stock indirectly through Mariposa Acquisition IV, LLC (15,552 shares) and JTOO LLC (9,237,350 shares).
• Additionally, Lillie has indirect beneficial ownership of 1,152,000 shares of Series A Preferred Stock through Mariposa Acquisition IV, LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, reflecting routine insider transactions and existing ownership structures rather than significant new developments or strategic shifts.

Positives

• Vesting of restricted stock units indicates continued service and potential compensation realization for the director.
• The settlement of RSUs into common stock increases the director's direct ownership in the company.

Risks

• Indirect beneficial ownership through multiple LLCs and trusts could introduce complexity in understanding ultimate control and pecuniary interest.
• The Series A Preferred Stock is subject to automatic conversion into common stock, the timing of which is dependent on the issuer's fiscal year, introducing a future event that could alter ownership structure.

Future Outlook

The Series A Preferred Stock is set to automatically convert into Common Stock on the last day of the seventh full financial year following October 1, 2019, or the first trading day thereafter.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This filing details routine RSU settlements and existing indirect ownership structures.

Related Party Transactions

• The filing details indirect beneficial ownership through Mariposa Acquisition IV, LLC and JTOO LLC, where James E. Lillie has a pecuniary interest, indicating related party structures for holding securities.

Stakeholder Impact

• Shareholders: Increased transparency into director's holdings and potential future changes in common stock count due to preferred stock conversion.
• Management: Standard reporting requirement, no direct impact indicated.
• Creditors: No direct impact indicated.

Next Steps

• Automatic conversion of Series A Preferred Stock into Common Stock on a future date determined by the issuer's fiscal year.
• Continued monitoring of insider transactions for any further changes in beneficial ownership.

Key Dates

Keywords

APi Group Corp, APG, Form 4, SEC Filing, Insider Trading, Restricted Stock Units, Common Stock, Beneficial Ownership, Director Transactions, Mariposa Acquisition IV, LLC, JTOO LLC, Series A Preferred Stock