Form 4: API Group Corp Executive Settles Restricted Stock Units, Reports Performance Stock Units
SEC Form 4
Kristina M. Morton, SVP and Chief People Officer of APi Group Corp, settled restricted stock units for common stock and reported performance stock units.
Summary
- On March 9, 2024, Kristina M. Morton, SVP and Chief People Officer of APi Group Corp, settled 25,678 restricted stock units for an equal number of shares of the company's common stock.
- She also disposed of 12,121 shares to cover tax liabilities at a price of $38.93 per share.
- Following these transactions, Morton directly owns 33,900 shares of APi Group Corp common stock.
- The report also details holdings of performance stock units (PSUs) with performance periods ending December 31, 2025 and December 31, 2026, and restricted stock units vesting at various dates in the future.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.
Future Outlook
The document outlines future vesting schedules for restricted stock units and performance periods for performance stock units, indicating potential future equity compensation payouts.
Industry Context
Form 4 filings are routine 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 have a minor impact on shareholders by slightly diluting the share base as restricted stock units vest.
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 | Settlement of 25,678 restricted stock units and disposal of shares for tax liability. |
| 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. |
| 03/12/2024 | Date of report signature. |
| 03/09/2025 | Final vesting date for some restricted stock units. |
| 12/31/2025 | Vesting date for 2023 PSUs. |
| 03/01/2025 | First vesting date for some restricted stock units. |
| 02/27/2025 | Second vesting date for some restricted stock units. |
| 03/01/2026 | Second vesting date for some restricted stock units. |
| 02/27/2026 | Final 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. |
| 12/31/2025 | Vesting date for 2023 PSUs. |
| 12/31/2026 | Vesting date for 2024 PSUs. |
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