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 the withholding of shares to cover tax obligations and adjustments to his holdings of common stock and restricted stock units.

Summary

• On February 29, 2024, Apollo Global Management withheld 6,987 shares from James Zelter to cover tax obligations related to the vesting of shares granted under the company's 2019 Omnibus Equity Incentive Plan.
• Following this transaction, Zelter directly owns 5,143,996 shares of common stock, which includes 4,958,886 vested and unvested restricted stock units (RSUs).
• 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.
• Zelter exercises voting and investment control over both The James C. Zelter 2023 GRAT No. 1 and Zelter APO Series LLC.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard regulatory filing detailing changes in ownership due to tax obligations and vesting of equity awards.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, and it doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of equity compensation.

Key Dates