Form 4: Apollo Global Management CFO Kelly Martin Reports Stock Sales and Tax Obligation Fulfillment
SEC Form 4 Filing
Kelly Martin, CFO of Apollo Global Management, reports the sale of common stock to cover tax obligations and discloses holdings of vested and unvested restricted stock units.
Summary
- On February 12, 2025, Kelly Martin, the CFO of Apollo Global Management, disposed of 36,604 shares of common stock to cover tax obligations at a price of $165.75.
- These shares were withheld by Apollo Global Management to satisfy tax obligations related to the delivery of shares granted under the 2019 Omnibus Equity Incentive Plan.
- On February 13, 2025, Martin sold 5,000 shares of common stock at an average price of $158.2756, with individual sales ranging from $157.78 to $158.73.
- Following these transactions, Martin directly owns 377,164 shares of Apollo Global Management, including 243,455 vested and unvested restricted stock units (RSUs).
- These RSUs represent the contingent right to receive one share of common stock for each vested RSU, according to the issuance schedule in the RSU award agreement, provided Martin remains in service through the vesting date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial industry. It provides transparency into the trading activities of key executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- Similar filings are made by executives at companies like Blackstone, KKR, and The Carlyle Group, reflecting their stock transactions.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive.
- The transactions may have a minor impact on the stock price due to the volume of shares traded.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Disposition of 36,604 shares to cover tax obligations. |
| 02/13/2025 | Sale of 5,000 shares at a weighted average price of $158.2756. |
| 02/14/2025 | Date of signature for the Form 4 filing. |
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