Form 4: Apollo Global Management Co-President James Zelter Reports Stock Transactions

James Zelter, Co-President of Apollo Global Management, reports the disposition of shares to cover tax obligations and holdings through various investment vehicles.

Summary

• On May 10, 2024, James Zelter, Co-President of Apollo Global Management, reported a transaction involving common stock.
• 5,187 shares were disposed of at a price of $109.46 to cover tax obligations related to the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan.
• Following the transaction, Zelter directly owns 5,138,809 shares of common stock, including 4,955,227 vested and unvested restricted stock units (RSUs).
• Zelter also indirectly owns 1,112,500 shares through Zelter APO Series LLC and 1,454,588 shares through The James C. Zelter 2023 GRAT No. 1.
• Jessica L. Lomm, as Attorney-in-Fact, signed the report on May 13, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.

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 of indirect ownership through LLCs and GRATs is a common wealth management strategy among high-net-worth individuals in the financial industry.

Key Dates