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Russell A. Becker

Chief Executive Officer and President at APi Group
Board
Since 2004
Age
59 years
Tenure
Joined APG in 2002 as President and Chief Operating Officer, was promoted to Chief Executive Officer in 2004, and has served as a director since October 2019.

Also at APi Group

GDJ
Glenn David Jackola
Interim Chief Financial Officer
KMM
Kristina M. Morton
Senior Vice President and Chief People Officer
LBL
Louis B. Lambert
Senior Vice President, General Counsel, and Secretary

About

Russell A. Becker is the Chief Executive Officer and President of APi Group Corporation, currently aged 59 as of FY 2024. He has built his career through progressive leadership roles within the company and its subsidiaries.

Beginning his tenure at APG in 2002 as President and Chief Operating Officer, he was promoted to Chief Executive Officer in 2004. His initial experiences at APi Group were complemented by earlier roles at related companies, which together laid a robust foundation for his future leadership.

In addition to his executive responsibilities, he has contributed to broader industry initiatives by serving on advisory boards and multiple company boards, including his role on the board of directors since October 2019. This ongoing commitment to governance and industry advancement underscores a well-rounded professional profile.

$APG Performance Under Russell A. Becker

Past Roles

OrganizationRoleDate RangeDetails
Liberty Diversified Industries Board Director July 2017 - 2024 Privately held company specializing in paper, packaging, and building products
APi Group, Inc. President and Chief Operating Officer 2002 - 2004 Role ended upon promotion; successor to earlier leadership roles
The Jamar Company President 1998 - 2002 Served until joining APi Group, Inc.
The Jamar Company Manager of Construction 1995 - 1997 Held earlier leadership role before promotion to President
Ryan Companies Project Manager 1993 - 1995 N/A
Cherne Contracting Field Engineer 1991 - 1993 N/A

External Roles

OrganizationRoleDate RangeDetails
Marvin Companies Board Director January 2019 - Present Private company specializing in window and door manufacturing
Michigan Technological University Advisory Board, Construction Management Program Present Contributes to academic and professional development

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,425,000Annual5.6% increase from 2022 base salary ($1,350,000)
All Other Compensation$60,506AnnualIncludes Profit Sharing: $9,081, Cash Match: $9,494, Executive Life and Disability: $27,067, Annual Executive Physicals: $0, Club Fees: $5,864, Car Allowance: $9,000

Performance Compensation

Data from  FY 2023

Stock Awards

MetricValueNotes
Performance MetricCumulative adjusted EBITDA dollars Basis for payout percentages
Evaluation PeriodJan 1, 2023 - Dec 31, 2025 3-year performance period
2023 Threshold (Adjusted EBITDA)$719.2 million 0% payout below this level; minimum performance required
2023 Target (Adjusted EBITDA)$757.0 million 100% payout at this level
2023 Maximum (Adjusted EBITDA)$794.9 million 200% payout as the cap
2023 Actual Adjusted EBITDA$783.2 million Resulted in a 169.1% payout
PSUs Shares at Threshold36,508 shares
PSUs Shares at Target146,030 shares
PSUs Shares at Maximum292,060 shares
RSUs Shares97,353 shares
Vesting Schedule3-year performance contingent (PSUs); ratable over 3 years (RSUs) PSUs vest based on performance; RSUs vest in equal installments on the first, second, and third anniversaries of the grant date
Grant DateFebruary 27, 2023
Grant Date Fair ValuePSUs: $3,420,023, RSUs: $2,280,007, Total: $5,700,030 Based on FASB ASC Topic 718

Non-Equity Incentive Plan Compensation

MetricValueNotes
Performance MetricAdjusted EBITDA Calculated from net income adjusted for foreign currency fluctuations
Evaluation Period2023 performance, paid in Q1 2024 Payout determined in March 2024
2023 Threshold (Adjusted EBITDA)$719.2 million Corresponds to a 40% payout
2023 Target (Adjusted EBITDA)$757.0 million 100% payout at target; forms the basis for STI calculation
2023 Maximum (Adjusted EBITDA)$794.9 million 200% payout cap
2023 Actual Adjusted EBITDA$783.2 million Resulted in a payout factor of 169.1%
Target STI as % of Base Salary125% Indicates target cash incentive relative to base salary
Actual Payout$3,012,094 Cash payout based on performance; non-equity, no vesting or grant date
Vesting / Grant DateNot applicable Cash-based incentive, paid after performance period