Form 4: Apollo Global Management Co-President John P. Zito Reports Changes in Beneficial Ownership

John P. Zito, Co-President of Apollo Asset Management, reports transactions involving Apollo Global Management, Inc. common stock and restricted stock units.

Summary

• On February 5, 2025, John P. Zito acquired 74,292 and 170,381 shares of Apollo Global Management, Inc. common stock through restricted stock units (RSUs) granted under the company's 2019 Omnibus Equity Incentive Plan.
• On February 7, 2025, 15,560 shares were withheld by Apollo Global Management to cover tax obligations related to the delivery of shares granted under the plan.
• Following these transactions, Zito beneficially owns 3,052,099 shares of common stock, including vested and unvested RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects standard executive compensation practices and regulatory filings. There are no overtly positive or negative implications.

Positives

• The granting of RSUs to a key executive like the Co-President can be seen as a positive incentive aligning their interests with the company's long-term performance.

Negatives

• The withholding of shares to cover tax obligations, while standard practice, slightly reduces the executive's overall holdings.

Risks

• The value of the RSUs and common stock is subject to market fluctuations, which could impact the executive's beneficial ownership value.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the RSUs implies a continued service requirement for the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The granting of RSUs is a common practice in the asset management industry to incentivize executives.

Comparison to Industry Standards

• Equity compensation practices, including RSU grants, are common among publicly traded asset management firms such as Blackstone, KKR, and The Carlyle Group.
• The size and vesting schedule of RSU grants typically depend on the executive's role, performance, and the company's overall compensation strategy.
• These grants are generally aligned with industry benchmarks for executive compensation in similar-sized companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees may view the RSU grants as a positive sign of the company's commitment to its leadership.

Key Dates