Form 4: APi Group Director James Lillie Reports Routine RSU Settlement and Updated Share Holdings

APi Group Corp Director James E. Lillie filed a Form 4 disclosing the settlement of 3,810 restricted stock units into common stock and detailing his updated beneficial ownership, including significant indirect holdings.

Summary

• James E. Lillie, a Director of APi Group Corp (APG), reported a transaction on June 14, 2025, involving the settlement of restricted stock units.
• 3,810 restricted stock units (RSUs) held by Mr. Lillie were settled for an equal number of shares of APi Group's Common Stock.
• Following this transaction, Mr. Lillie directly owns 1,000,013 shares of Common Stock.
• He also holds indirect beneficial ownership of 3,389 shares of Common Stock and 768,000 shares of Series A Preferred Stock through Mariposa Acquisition IV, LLC.
• Additionally, Mr. Lillie indirectly owns 5,088,734 shares of Common Stock through JTOO LLC, an entity he manages.
• Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
• An additional 3,160 restricted stock units are scheduled to vest on May 16, 2026.
• The Series A Preferred Stock is convertible on a one-for-one basis into Common Stock at the holder's election and will automatically convert by the last day of the seventh full financial year following October 1, 2019.

Sentiment

Score: 5

Explanation: The document reports a routine, pre-scheduled RSU vesting and settlement for a director, which is a neutral event in terms of company performance or outlook. It reflects standard compensation practices and insider share accumulation.

Positives

• Director James E. Lillie continues to hold a significant number of shares, indicating alignment with shareholder interests.
• The settlement of restricted stock units represents a planned compensation event, converting contingent rights into direct equity ownership, which is a routine part of executive compensation.

Negatives

• No new acquisitions beyond the RSU settlement were reported.
• No sales of common stock by the director were reported.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction increases the direct common stock holdings of a director, potentially aligning management interests with shareholders. It is a routine compensation event and does not suggest a change in company strategy or financial health.

Next Steps

• Vesting of 3,160 restricted stock units on May 16, 2026.
• Automatic conversion of Series A Preferred Stock into Common Stock on the last day of the seventh full financial year of the Issuer following October 1, 2019.

Key Dates

Keywords

APi Group Corp, APG, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Settlement, Director Holdings, Common Stock, Series A Preferred Stock, Corporate Governance