secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001628280-24-000077
Event type: dividend
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group issues ~8.3M common shares to settle 2023 preferred dividends
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- Board approved stock dividend of 7,944,104 common shares on 4M Series A preferred shares for 2023 annual dividend.
- Additional 337,044 common shares issued to Series B preferred holders for Q4 2023 dividend.
- Total common shares outstanding after issuance: 243,856,464 (before certain equity awards).
- Dividend settled in shares because 10-day VWAP of $33.9465 exceeded prior highest price of $24.3968.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000162828024000077/0001628280-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000162828024000077/apg-20240102.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-000077

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