Form 4: Apollo Global Director Transfers RSUs to Family Trust

James Richard Belardi, a Director and Officer of Apollo Global Management, Inc., transferred 41,892 restricted stock units to a family trust, an exempt transaction.

Summary

• James Richard Belardi, a Director and Officer of Apollo Global Management, Inc., acquired 41,892 shares of common stock in the form of Restricted Stock Units (RSUs) on February 10, 2026, at a price of $0.
• These RSUs represent the contingent right to receive one share of common stock for each vested RSU, with vesting occurring in installments according to the award agreement.
• On the same date, Mr. Belardi transferred these 41,892 RSUs from his direct ownership to the James and Leslie Belardi Family Trust.
• This transfer was exempt from Section 16 reporting requirements pursuant to Rule 16a-13 under the Exchange Act.
• Following these transactions, Mr. Belardi directly beneficially owns 76,313 shares of common stock.
• Indirect beneficial ownership includes 128,647 shares (including vested and unvested RSUs) through the James and Leslie Belardi Family Trust, 236,052 shares through the Belardi 2019 GST Non-Exempt Descendants Trust, and significant holdings through various JB Athene Investments LLC entities (1,870,597, 1,167,261, 637,500, 1,478,185 shares respectively).
• Additional indirect holdings include shares held by his son (1,000), daughter (1,000), mother (304.8255), Belardi 2024 GRAT (138,617), and Belardi 2025 GRAT (76,385).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a routine disclosure of an insider's compensation in the form of RSUs and a subsequent internal transfer for estate planning purposes, which does not indicate any significant operational or financial changes for the company.

Positives

• The reporting person, James Richard Belardi, received a grant of 41,892 Restricted Stock Units (RSUs) as compensation, increasing his potential future equity stake in Apollo Global Management, Inc.

Industry Context

StockSavvy.ai notes that the grant of Restricted Stock Units (RSUs) is a common form of executive compensation in the financial services industry, aligning management's interests with long-term shareholder value. The subsequent transfer to a family trust is a standard estate planning maneuver for high-net-worth individuals.

Related Party Transactions

• Transfer of 41,892 Restricted Stock Units (RSUs) from James Richard Belardi's direct ownership to the James and Leslie Belardi Family Trust, which is an exempt transaction under Rule 16a-13.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation grant and an internal transfer of shares, not an open market sale or purchase that would significantly alter market dynamics.
• Employees: No direct impact on the broader employee base, as this relates to executive compensation and personal holdings.

Key Dates

Keywords

Apollo Global Management, APO, Form 4, Insider Transaction, Restricted Stock Units, RSUs, Beneficial Ownership, Executive Compensation, Trust Transfer