Form 4: APi Group Officer's Equity Awards & Holdings Update

APi Group's VP & Chief Accounting Officer, James Arseniadis, reported new equity awards and changes in beneficial ownership.

Summary

• James Arseniadis, VP & Chief Accounting Officer of APi Group Corp, reported changes in his beneficial ownership of common stock and derivative securities.
• Acquired 10,718 shares of common stock on February 24, 2026, resulting from the settlement of 2023 Performance Stock Units (PSUs), where the number of earned shares increased based on performance conditions.
• Disposed of 4,987 shares of common stock on February 24, 2026, at a price of $44.99 per share, to cover tax liabilities associated with the equity settlement.
• Acquired 3,335 new 2026 Performance Stock Units (PSUs) on February 24, 2026, with a performance period from January 1, 2026, to December 31, 2028, subject to performance conditions.
• Acquired 2,223 new Restricted Stock Units (RSUs) on February 24, 2026, which will vest in equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
• Following these transactions, Mr. Arseniadis directly beneficially owns 17,626 shares of common stock and indirectly owns 846 shares through a 401(k) Plan.
• Outstanding derivative holdings include 1,281 RSUs (vesting through Feb 27, 2026), 3,773 2024 PSUs (performance period ending Dec 31, 2026), 1,678 RSUs (vesting through March 1, 2027), 2,782 RSUs (vesting through Jan 1, 2028), 4,592 2025 PSUs (performance period ending Dec 31, 2027), and 3,062 RSUs (vesting through March 1, 2028).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider filing detailing compensation-related transactions, which typically has a neutral impact on market sentiment.

Positives

• Acquisition of 10,718 shares of common stock from settled 2023 PSUs indicates successful achievement of performance conditions, aligning executive incentives with company success.
• The grant of new 2026 Performance Stock Units (3,335 units) and Restricted Stock Units (2,223 units) reinforces long-term executive alignment with shareholder interests.
• Includes 43 shares acquired under the Issuer's employee stock purchase plan, demonstrating continued participation in employee ownership programs.

Negatives

• Disposal of 4,987 shares of common stock at $44.99 to cover tax liabilities reduces the direct beneficial ownership of the reporting person.

Risks

• The actual number of shares earned from Performance Stock Units (PSUs) is subject to increase or decrease based on future performance conditions, introducing uncertainty regarding final compensation.
• The value of all equity awards (PSUs and RSUs) is directly tied to the future market price of APi Group Corp common stock, exposing the holder to market volatility.

Future Outlook

Future equity compensation for the VP & Chief Accounting Officer is tied to performance periods for 2024 PSUs (ending December 31, 2026), 2025 PSUs (ending December 31, 2027), and 2026 PSUs (ending December 31, 2028). Various Restricted Stock Units are scheduled to vest in installments through March 1, 2029.

Industry Context

StockSavvy.ai notes that the grant and settlement of performance-based and restricted stock units are standard practices in executive compensation across various industries, designed to align management incentives with long-term shareholder value creation.

Stakeholder Impact

• Shareholders: The equity awards and ownership changes align the interests of the VP & Chief Accounting Officer with those of shareholders, incentivizing long-term company performance. The settlement of performance-based awards indicates that certain company performance targets were met, which could be viewed positively.

Next Steps

• Continued vesting of various Restricted Stock Units on scheduled dates through March 1, 2029.
• Evaluation of performance conditions for 2024, 2025, and 2026 Performance Stock Units at the end of their respective performance periods.

Key Dates

Keywords

APi Group, APG, Form 4, Insider Ownership, Equity Awards, Restricted Stock Units, Performance Stock Units, Executive Compensation, Beneficial Ownership