---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-026986"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2025-05-21T23:59:59+00:00"
generated_at: "2026-05-20T22:41:40.327773+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# APi Group sets new 2028 targets ($10B+ revenue, 16%+ margin) and 3-for-2 stock split

## Summary
- New 10/16/60+ framework: $10B+ net revenues, 16%+ adjusted EBITDA margin, 60%+ rev from inspection/service by 2028.
- Expects cumulative adjusted free cash flow of $3.0B+ through 2028.
- Reaffirms Q2 and full year 2025 financial guidance.
- Board approves 3-for-2 stock split via dividend of 0.5 share per share; payable June 30, 2025 to holders of record June 16, 2025.
- Post-split shares outstanding approx. 415 million; Series A preferred unchanged.

## SEC filing metadata
- accession: 0001628280-25-026986
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2025-05-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000162828025026986/0001628280-25-026986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000162828025026986/apg-20250521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-026986
- JSON: https://secwatch.observer/filing/0001628280-25-026986.json
- Plain text: https://secwatch.observer/filing/0001628280-25-026986.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.