Form 4: Apollo Global Management CFO Kelly Martin Reports Stock Disposal for Tax Obligations

Kelly Martin, CFO of Apollo Global Management, reported disposing of shares to cover tax obligations related to the company's equity incentive plan.

Summary

• On August 9, 2024, Kelly Martin, the Chief Financial Officer of Apollo Global Management, Inc., reported a transaction involving the disposal of 2,531 shares of common stock.
• The shares were disposed of at a price of $103.53 per share.
• This transaction was executed to satisfy tax obligations related to the delivery of shares granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan.
• Following the reported transaction, Martin beneficially owns 353,088 shares of Apollo Global Management, Inc.
• This amount includes 245,824 vested and unvested restricted stock units (RSUs) granted under the Plan, each representing the right to receive one share of common stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates