Form 4: Apollo CFO Kelly Martin Reports RSU Grant, Tax Withholding

Apollo Global Management's CFO, Kelly Martin, reported the acquisition of 116,087 restricted stock units and the disposition of 28,390 shares for tax withholding.

Summary

• Kelly Martin, Chief Financial Officer of Apollo Global Management, Inc. (APO), acquired 116,087 restricted stock units (RSUs) on February 10, 2026.
• These RSUs were granted under the company's 2019 Omnibus Equity Incentive Plan and represent the contingent right to receive one share of common stock for each vested RSU.
• The RSUs vest in installments, contingent on continued service through the applicable vesting dates.
• On February 11, 2026, 28,390 shares of common stock were disposed of to satisfy tax withholding obligations related to the delivery of previously granted shares under the Plan, at a price of $132.43 per share.
• Following these transactions, Kelly Martin directly beneficially owns 412,266 shares, which includes 308,210 vested and unvested RSUs.
• An additional 25,035 shares are indirectly beneficially owned through the 2025 Martin Kelly Gift Trust, where Kelly Martin exercises sole voting and investment control and immediate family members are beneficiaries.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as the RSU grant reinforces executive alignment and retention, despite the routine tax-related share disposition.

Positives

• The grant of 116,087 restricted stock units (RSUs) to the Chief Financial Officer indicates continued alignment of management's interests with shareholders through equity incentives.
• The RSUs vest in installments, contingent on continued service, providing a retention mechanism for a key executive.

Negatives

• 28,390 shares were disposed of to cover tax withholding obligations, reducing the direct beneficial ownership of common stock.

Future Outlook

The filing indicates that the restricted stock units granted to Kelly Martin will vest in installments, contingent upon continued service, suggesting a future incentive structure for the Chief Financial Officer.

Industry Context

StockSavvy.ai notes that equity grants to key executives like the CFO are a standard practice in the financial services industry, particularly for alternative asset managers like Apollo Global Management, to align executive incentives with long-term shareholder value creation and ensure executive retention. The use of RSUs with service-based vesting is a common mechanism for this purpose.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CFO's interests with shareholders by tying compensation to company performance and long-term value creation. The tax withholding is a routine event and has minimal impact.
• Employees: The RSU grant demonstrates the company's use of equity incentives for key personnel, which can be a positive signal for employee retention and motivation.

Next Steps

• RSUs will vest in installments in accordance with the terms of the applicable RSU award agreement.
• Kelly Martin must remain in service through the applicable vesting dates to receive the shares.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions related to executive compensation and tax obligations. While the RSU grant is a positive for executive alignment, it does not present new information that would fundamentally alter the investment thesis for Apollo Global Management. Therefore, a 'hold' recommendation is appropriate as it reflects the status quo without significant new catalysts for a 'buy' or 'sell' decision based solely on this filing.

Keywords

Apollo Global Management, APO, Kelly Martin, CFO, Form 4, SEC Filing, Restricted Stock Units, RSU, Equity Incentive Plan, Insider Transaction, Beneficial Ownership, Tax Withholding