Form 4: APi Group Director Carrie Wheeler Converts Restricted Stock Units to Common Shares

APi Group Corp Director Carrie Wheeler converted 6,306 restricted stock units into an equal number of common shares on June 14, 2025, increasing her direct beneficial ownership of common stock.

Summary

• On June 14, 2025, Carrie Wheeler, a Director of APi Group Corp (APG), settled 6,306 of her restricted stock units (RSUs) for an equal number of shares of the Issuer's Common Stock.
• Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
• Following this transaction, Ms. Wheeler beneficially owns 38,316 shares of Common Stock directly.
• Additionally, Ms. Wheeler continues to hold 5,229 restricted stock units that are scheduled to vest on May 16, 2026, subject to her continuous service with the Issuer.

Sentiment

Score: 7

Explanation: The filing reports a routine conversion of restricted stock units into common stock, indicating a director's continued equity ownership and participation in the company's compensation plan. This is a neutral to slightly positive event as it shows continued alignment of interests.

Positives

• The conversion of restricted stock units into common stock increases the director's direct ownership in the company, aligning her interests more closely with shareholders.
• The transaction is a routine settlement of equity compensation, indicating the company's adherence to its compensation plans and the director's continued service.

Future Outlook

The document indicates that 5,229 restricted stock units held by the reporting person are scheduled to vest on May 16, 2026, contingent upon her continuous service with the Issuer.

Management Comments

• "On June 14, 2025, 6,306 of the Reporting Person's restricted stock units were settled for an equal number of shares of the Issuer's Common Stock."
• "Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock."
• "These restricted stock units vest on June 14, 2025, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date."
• "These restricted stock units vest on May 16, 2026, which is the one-year anniversary of the grant date, subject to the Reporting Person's continuous service with the Issuer as of the vesting date."

Industry Context

This Form 4 filing is a standard disclosure for insider transactions, specifically the vesting and conversion of equity compensation. It does not provide information for broader industry trend analysis but reflects routine corporate governance and compensation practices common across publicly traded companies.

Related Party Transactions

• The transaction involves the settlement of restricted stock units granted to a director as part of her compensation, which is a common form of related party transaction in the context of executive and director compensation.

Stakeholder Impact

• Shareholders: The transaction increases the direct common stock ownership of a director, potentially signaling confidence and aligning management interests with shareholder value.

Next Steps

• Vesting of 5,229 remaining restricted stock units on May 16, 2026, subject to continuous service.

Key Dates

Recommendation

Keywords

APi Group Corp, APG, Form 4, SEC filing, insider transaction, restricted stock units, RSU conversion, common stock, director ownership, equity compensation