Form 4: APi Group Corp Executive Settles Restricted Stock Units and Disposes of Shares for Tax Obligations
SEC Form 4
Kristina M. Morton, SVP and Chief People Officer of APi Group Corp, settled restricted stock units for common stock and disposed of shares to cover tax liabilities on March 9, 2025.
Summary
- On March 9, 2025, Kristina M. Morton, SVP and Chief People Officer of APi Group Corp, settled 25,678 restricted stock units, receiving an equal number of common stock shares.
- Morton also disposed of 12,121 shares of common stock at a price of $36.28 to cover tax liabilities related to the settlement of the restricted stock units.
- Following these transactions, Morton directly owns 51,468 shares of APi Group Corp common stock and indirectly owns 283 shares through a 401(k) plan.
- The report also details Morton's holdings of various restricted stock units and performance stock units with different vesting schedules and performance periods.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership and transactions.
Future Outlook
The document details future vesting schedules for restricted stock units and performance periods for performance stock units, indicating potential future equity compensation for the reporting person.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/09/2023 | First vesting date for some restricted stock units. |
| 01/01/2023 | Start of performance period for 2023 PSUs. |
| 03/09/2024 | Second vesting date for some restricted stock units. |
| 02/27/2024 | First vesting date for some restricted stock units. |
| 01/01/2024 | Start of performance period for 2024 PSUs. |
| 03/09/2025 | Settlement of 25,678 restricted stock units and disposal of shares for tax liability. |
| 03/09/2025 | Final vesting date for some restricted stock units. |
| 02/27/2025 | Second vesting date for some restricted stock units. |
| 03/01/2025 | First vesting date for some restricted stock units. |
| 01/01/2025 | Start of performance period for 2025 PSUs. |
| 12/31/2025 | Vesting date for 2023 PSUs. |
| 02/27/2026 | Final 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 | Final vesting date for some restricted stock units. |
| 12/31/2027 | End of performance period for 2025 PSUs. |
| 03/01/2028 | Final vesting date for some restricted stock units. |
| 03/11/2025 | Date of the report. |
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