Form 4: APi Group Corp Executive Kevin Krumm Reports Stock Transactions
SEC Form 4
EVP & Chief Financial Officer of APi Group Corp, Kevin Krumm, reports the settlement of restricted stock units and shares withheld for tax liability on September 1, 2024.
Summary
- On September 1, 2024, Kevin Krumm, EVP & Chief Financial Officer of APi Group Corp, reported transactions involving the company's common stock.
- 20,148 restricted stock units were settled for an equal number of shares.
- 9,913 shares were withheld for tax liability at a price of $35.55.
- Following these transactions, Krumm directly owns 47,472 shares of common stock and indirectly owns 686 shares through a 401(k) plan.
- Krumm also holds various restricted stock units and performance stock units that will vest in the future.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The document details future vesting dates for restricted stock units and performance stock units, indicating potential future equity compensation for the reporting person.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activity of company executives and directors.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into the executive's holdings and equity compensation.
Key Dates
| Date | Description |
|---|---|
| 09/01/2022 | First vesting date for some restricted stock units. |
| 01/01/2022 | Start of performance period for 2022-1 PSUs. |
| 09/01/2023 | Second vesting date for some restricted stock units. |
| 03/09/2023 | First vesting date for some restricted stock units. |
| 01/01/2023 | Start of performance period for 2023 PSUs. |
| 02/27/2024 | First vesting date for some restricted stock units. |
| 03/09/2024 | Second vesting date for some restricted stock units. |
| 01/01/2024 | Start of performance period for 2024 PSUs. |
| 09/01/2024 | Settlement of 20,148 restricted stock units and withholding of shares for tax liability. |
| 12/31/2024 | Vesting date for 2022-1 PSUs. |
| 03/09/2025 | Third vesting date for some restricted stock units and potential vesting date for 2022-2 PSUs. |
| 12/31/2025 | Vesting date for 2023 PSUs. |
| 02/27/2025 | Second vesting date for some restricted stock units. |
| 03/01/2025 | First vesting date for some restricted stock units. |
| 02/27/2026 | Third vesting date for some restricted stock units. |
| 03/01/2026 | Second vesting date for some restricted stock units. |
| 12/31/2026 | Vesting date for 2024 PSUs. |
| 03/01/2027 | Third vesting date for some restricted stock units. |
| 03/09/2027 | Expiration date for 2022-2 PSUs. |
| 09/04/2024 | Date of signature on the Form 4 filing. |
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