Form 4: APi Group Corp Director Thomas V Milroy Reports Stock Option Exercise and Share Disposal
SEC Form 4 Filing
Director Thomas V Milroy of APi Group Corp exercised stock options and disposed of shares to cover the exercise price and tax liability.
Summary
- On September 25, 2024, Thomas V Milroy, a director of APi Group Corp, exercised stock options to acquire 37,500 shares of common stock at a price of $11.50 per share.
- Following the exercise, Milroy disposed of 26,153 shares to cover the exercise price and tax liability at a price of $32.96 per share.
- After these transactions, Milroy directly owns 51,243 shares of APi Group Corp common stock.
- Milroy also owns 3,810 restricted stock units which vest on June 14, 2025.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock option exercise and share disposal to cover costs, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/25/2024 | Date of stock option exercise and share disposal |
| 10/01/2024 | Options are immediately exercisable |
| 06/14/2025 | Vesting date for restricted stock units |
| 09/27/2024 | Date of signature on the Form 4 filing |
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