Form 4: APi Group Director Cyrus D. Walker Reports Stock Unit Settlement and New Grant

Director Cyrus D. Walker reports the settlement of restricted stock units for common stock and a new grant of restricted stock units in APi Group Corp.

Summary

• On June 15, 2024, Cyrus D. Walker, a director of APi Group Corp, settled 3,948 restricted stock units (RSUs) for an equal number of common stock shares.
• Following this transaction, Mr. Walker disposed of 3,948 common stock shares.
• Mr. Walker also acquired 3,810 restricted stock units on June 14, 2024, which vest on June 14, 2025, subject to continuous service with the issuer.
• The reporting person continues to beneficially own 32,010 common stock shares.
• A power of attorney was executed on February 5, 2024, granting authority to Russell A. Becker, Kevin S. Krumm, and Louis B. Lambert to act on Mr. Walker's behalf for Section 16 filings.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions by a company director, which is a routine regulatory filing.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.

Future Outlook

The director's future holdings will be affected by vesting of restricted stock units and any further transactions in APi Group Corp stock.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the director's holdings of APi Group Corp stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the director's holdings.

Key Dates