Form 4: APi Group Corp Director James E. Lillie Sells 125,000 Shares

Director James E. Lillie sold 125,000 shares of APi Group Corp common stock on March 4, 2024, according to a Form 4 filing with the SEC.

Summary

• James E. Lillie, a director of APi Group Corp, sold 125,000 shares of common stock on March 4, 2024, at a weighted average price of $38.38 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on November 29, 2023.
• Following the transaction, Lillie directly owns 1,142,255 shares and indirectly owns 5,455,411 shares through JTOO LLC and 1,659 shares through Mariposa Acquisition IV, LLC.
• Lillie also indirectly holds 768,000 shares of Series A Preferred Stock through Mariposa Acquisition IV, LLC, which are convertible to common stock.
• Additionally, Lillie directly owns 3,948 restricted stock units that will vest on the earlier of June 15, 2024, or the date of the Issuer's 2024 annual meeting of stockholders.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction. The sale is pre-planned under 10b5-1, so it doesn't necessarily indicate a negative outlook on the company.

Industry Context

Insider sales are common and can be for various reasons, including diversification or personal financial planning. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on immediate market information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates