APi Group Corp
For the period ended May 16, 2025. Filed Apr 4, 2025.
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May 16, 2025 · Filed Apr 4, 2025
Contents
Summary Compensation Table
The following table summarizes the compensation of our NEOs for the fiscal years presented.
| Name and PrincipalPosition · Year · Salary ($) · Bonus($) · StockAwards($)(1)(2) · Non-EquityIncentivePlanCompensation($)(3) · All OtherCompensation($)(4) · Total($) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Russell A. Becker | 2024 | $1,425,000 | $— | $5,985,054 | $1,373,344 | $55,210 | $8,838,608 | |||||
| President and Chief Executive Officer | 2023 | $1,425,000 | $— | $5,700,030 | $3,012,094 | $60,506 | $10,197,630 | |||||
| 2022 | $1,350,000 | $— | $5,400,052 | $1,898,100 | $53,705 | $8,701,857 | ||||||
| Glenn David Jackola(5) | 2024 | $386,250 | $15,000 | $750,083 | $442,756 | $231,142 | $1,825,231 | |||||
| Interim Chief Financial Officer | 2023 | $375,000 | $— | $250,009 | $259,930 | $246,286 | $1,131,225 | |||||
| 2022 | $347,500 | $120,000 | $175,045 | $244,292 | $10,151 | $896,988 | ||||||
| Kevin S. Krumm | 2024 | $797,333 | $— | $2,080,043 | $— | $43,486 | $2,920,862 | |||||
| Former Executive Vice President and Chief Financial Officer | 2023 | $792,315 | $— | $1,980,020 | $1,339,272 | $39,732 | $4,151,339 | |||||
| 2022 | $750,000 | $— | $1,875,022 | $1,054,500 | $27,398 | $3,706,920 | ||||||
| Louis B. Lambert | 2024 | $550,000 | $— | $962,536 | $318,038 | $43,688 | $1,874,262 | |||||
| Senior Vice President,General Counsel and Secretary | 2023 | $500,000 | $— | $875,018 | $634,125 | $22,127 | $2,031,270 | |||||
| 2022 | $218,750 | $120,000 | $600,013 | $230,672 | $5,431 | $1,174,866 | ||||||
| Kristina M. Morton | 2024 | $520,000 | $— | $790,530 | $300,690 | $43,995 | $1,655,215 | |||||
| Senior Vice President, Chief People Officer | 2023 | $475,000 | $— | $712,530 | $602,419 | $32,061 | $1,822,010 | |||||
| 2022 | $397,211 | $107,000 | $1,600,017 | $418,859 | $16,896 | $2,539,983 | ||||||
(1)The amounts in this column do not reflect compensation actually received by the NEOs, nor do they reflect the
actual value that will be recognized by the NEOs. Instead, the amounts represent the aggregate grant date fair
value of awards computed in accordance with FASB ASC Topic 718. For a discussion of valuation assumptions used
in calculating the amounts for 2024, see Note 20 to our historical consolidated financial statements for the year
ended December 31, 2024 included in our Annual Report on Form 10-K for the year ended December 31, 2024.
(2)Amounts shown in this column represent the aggregate grant date fair value of PSUs granted to certain of our
NEOs, and the grant date fair value of time-based RSUs granted to each of our NEOs in the fiscal years indicated,
computed in accordance with FASB ASC Topic 718. The aggregate grant date fair value of the PSUs that have an
EBITDA performance condition was computed based on the probable outcome of the applicable performance target
as of the grant date and 100% achievement of such performance target. For 2024, the value of these PSUs at the
grant date assuming the highest level of performance achieved, earned at 200% of target would be $7,182,051 for
Mr. Becker; $300,063 for Mr. Jackola; $2,496,066 for Mr. Krumm; $1,155,015 for Mr. Lambert; and $948,650 for
Ms. Morton. The grant date fair value of the time-based RSUs was computed in accordance with FASB ASC Topic
718, based on the closing market price of our common stock on the grant date. Additional information regarding
the 2024 equity awards is set forth below in the Grants of Plan-Based Awards During 2024 table.
(3)The amounts reported reflect compensation earned for 2024 performance under our annual cash incentive
compensation program. We make payments under this program in the first quarter of the fiscal year following the
fiscal year in which they were earned after finalizing our annual audited financial statements.
(4)These amounts represent Company matching contributions to the 401(k) Plan, Company profit-sharing
contributions of common stock to the 401(k) Plan, executive life and disability insurance benefits, annual executive
physicals, club fees and car allowance. Additional detail regarding the components of the amounts shown for 2024
for each of our NEOs is provided in the "All Other Compensation Table" below.
(5)Mr. Jackola became a NEO in 2024.
32
All Other Compensation Table
The following table provides additional information on the amounts reported in the All Other
Compensation column of the Summary Compensation Table for 2024.
| R. Becker | G.D. Jackola | K. Krumm | L. Lambert | K. Morton | |
|---|---|---|---|---|---|
| 401(k) Contributions by Company | |||||
| Profit Sharing | $11,184 | $11,184 | $11,184 | $11,184 | $11,184 |
| Cash Match | $10,150 | $10,150 | $10,150 | $10,150 | $10,150 |
| Executive Life and Disability | $24,875 | $739 | $9,838 | $11,454 | $11,761 |
| Annual Executive Physicals | $0 | $0 | $3,314 | $1,900 | $1,900 |
| Expatriate Allowances & Relocation | $0 | $209,068 | $0 | $0 | $0 |
| Car Allowance | $9,000 | $0 | $9,000 | $9,000 | $9,000 |
| Total | $55,209 | $231,141 | $43,486 | $43,688 | $43,995 |
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