Form 4: Apollo Global Management Co-President James Zelter Reports Changes in Beneficial Ownership

James Zelter, Co-President of Apollo Global Management, reports a transaction involving common stock related to tax obligations and holdings through various investment vehicles.

Summary

• On May 31, 2024, James Zelter, Co-President of Apollo Global Management, reported changes in his beneficial ownership of Apollo Global Management, Inc. common stock.
• 11 shares were withheld by the issuer to satisfy tax obligations related to the delivery of shares granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan at a price of $115.32.
• Following the transaction, Zelter directly owns 5,138,798 shares of common stock.
• Zelter also indirectly owns 1,454,588 shares through The James C. Zelter 2023 GRAT No. 1 and 1,112,500 shares through Zelter APO Series LLC.
• The reported amount includes 4,955,208 vested and unvested restricted stock units (RSUs) granted under the Plan, each representing the contingent right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Apollo Global Management, similar to filings made by executives at Blackstone, KKR, and The Carlyle Group.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, ensuring transparency in executive stock transactions across the industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of company executives.
• It assures stakeholders that executives are adhering to regulatory requirements for reporting changes in beneficial ownership.

Key Dates