Form 4: APi Group Corp Executive James Arseniadis Reports Stock Transactions
SEC Form 4 Filing
James Arseniadis, VP & Chief Accounting Officer of APi Group Corp, reports the vesting and settlement of restricted stock units, along with associated tax withholding.
Summary
- On February 27, 2024, James Arseniadis, VP & Chief Accounting Officer of APi Group Corp, reported transactions involving the company's common stock.
- 854 restricted stock units were settled for an equal number of shares of APi Group Corp's common stock.
- 307 shares were withheld to cover tax liabilities at a price of $35.72 per share.
- Following these transactions, Arseniadis directly owns 3,783 shares of common stock and 1,708 restricted stock units.
- Arseniadis was also granted 1,677 restricted stock units on February 26, 2024, which vest in equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by an insider.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Grant date of 1,677 restricted stock units. |
| 02/27/2024 | Settlement of 854 restricted stock units for common stock and tax withholding. |
| 02/28/2024 | Date of signature for the Form 4 filing. |
| 03/01/2025 | First vesting date for a portion of the restricted stock units granted on February 26, 2024. |
| 03/01/2026 | Second vesting date for a portion of the restricted stock units granted on February 26, 2024. |
| 03/01/2027 | Final vesting date for a portion of the restricted stock units granted on February 26, 2024. |
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