Form 4: Apollo Global Management CFO Sells Shares to Cover Tax Obligations

Apollo Global Management's Chief Financial Officer, Martin Kelly, sold 2,516 shares of common stock to cover tax obligations related to the vesting of restricted stock units.

Summary

• Martin Kelly, the Chief Financial Officer of Apollo Global Management, sold 2,516 shares of common stock on November 13, 2024.
• The sale was executed at a price of $163.67 per share.
• The shares were sold to cover tax obligations arising from the vesting of restricted stock units (RSUs) granted under the company's 2019 Omnibus Equity Incentive Plan.
• Following the transaction, Kelly still beneficially owns 325,564 shares of common stock, which includes 198,607 vested and unvested RSUs.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive equity compensation. It is common for executives to sell shares to cover tax obligations when RSUs vest.

Comparison to Industry Standards

• Executives at comparable financial firms such as Blackstone, KKR, and The Carlyle Group often engage in similar transactions to manage their equity compensation and tax liabilities.
• These transactions are typically disclosed through SEC filings like Form 4, which is standard practice in the industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Apollo Global Management, Martin Kelly, CFO, stock sale, Form 4, restricted stock units, tax obligations, equity incentive plan