Form 4: APi Group Corp: EVP & CFO Glenn David Jackola Reports Acquisition of Restricted and Performance Stock Units
SEC Filing Form 4
Glenn David Jackola, EVP & CFO of APi Group Corp, reports the acquisition of restricted stock units and performance stock units.
Summary
- On March 28, 2025, Glenn David Jackola, the EVP & CFO of APi Group Corp, reported changes in beneficial ownership to the SEC.
- Jackola acquired 17,371 restricted stock units that vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
- He also acquired 26,057 performance stock units (3-28-2025 PSUs) with a performance period from January 1, 2025, to December 31, 2027, where the number of shares earned depends on performance conditions.
- Additionally, Jackola is voluntarily reporting ownership of 6,405 performance stock units (2023 PSUs), 4,192 performance stock units (2024 PSUs), 3,826 performance stock units (2025 PSUs), 1,423 restricted stock units vesting on February 27, 2024, February 27, 2025, and February 27, 2026, 1,863 restricted stock units vesting on March 1, 2025, March 1, 2026, and March 1, 2027 and 13,235 restricted stock units vesting on December 1, 2025, December 1, 2026 and December 1, 2027.
- Following the reported transactions, Jackola directly owns 8,749 shares of common stock and indirectly owns 1,038 shares through a 401(k) plan.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The acquisition of stock units is generally a positive sign, but it's not a major event.
Positives
- The acquisition of restricted stock units and performance stock units aligns the executive's interests with the long-term performance of the company.
- Voluntary reporting of performance stock units demonstrates transparency.
Future Outlook
The number of shares earned from the performance stock units is contingent on the company's performance over the specified performance periods.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's future prospects.
Stakeholder Impact
- The acquisition of stock units by the CFO could be viewed positively by shareholders as it aligns management's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 03/28/2025 | Date of the reported transaction (acquisition of stock units). |
| 03/01/2026 | First vesting date for some of the restricted stock units. |
| 03/01/2027 | Second vesting date for some of the restricted stock units. |
| 12/31/2027 | End of the performance period for the 3-28-2025 PSUs and 2025 PSUs. |
| 03/01/2028 | Final vesting date for some of the restricted stock units. |
| 04/01/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Performance Stock Units, APi Group Corp, APG, Jackola, Executive Compensation
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