Form 4: Apollo Commercial Real Estate Finance CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Stuart Rothstein, CEO of Apollo Commercial Real Estate Finance, sold shares to cover tax obligations related to vested restricted stock units.
Summary
- On January 31, 2025, Stuart Rothstein, the President & CEO of Apollo Commercial Real Estate Finance, Inc. (ARI), disposed of 62,190 shares of common stock to satisfy tax withholding obligations.
- The shares were withheld by the issuer to cover the minimum tax obligations arising from the vesting of restricted stock units (RSUs) granted under the company's 2019 Equity Incentive Plan.
- The transaction price was $9.07 per share.
- Following the transaction, Rothstein beneficially owns 438,002 shares, including 210,122 RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a routine sale of shares to cover tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Rothstein disposed of shares to cover tax obligations. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Apollo Commercial Real Estate Finance, ARI, Stuart Rothstein, SEC Form 4, Insider Trading, Restricted Stock Units, Tax Withholding, Equity Incentive Plan
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