Form 4: Apollo Global Management Director Gary Cohn Granted Future Restricted Stock Units

Apollo Global Management, Inc. Director Gary D. Cohn was granted 1,808 restricted stock units (RSUs) under the company's 2019 Omnibus Equity Incentive Plan, with the transaction effective July 1, 2025, and vesting in installments.

Summary

• Gary D. Cohn, a Director of Apollo Global Management, Inc. (APO), was granted 1,808 shares of Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this grant is July 1, 2025.
• These RSUs were granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan.
• Each RSU represents the contingent right to receive one share of common stock of the Issuer upon vesting.
• The RSUs are scheduled to vest in installments according to the terms of the applicable RSU award agreement, provided Mr. Cohn remains in service through the vesting dates.
• Following this reported transaction, Mr. Cohn beneficially owns 1,808 RSUs.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive sign of alignment between management and shareholder interests, and a standard compensation practice. It does not indicate any negative operational or financial issues.

Positives

• The grant of 1,808 Restricted Stock Units (RSUs) to Director Gary D. Cohn aligns his interests with those of shareholders, as the value of the RSUs is directly tied to the company's stock performance.
• The vesting schedule, contingent on continued service, incentivizes long-term commitment and retention from a key director.

Future Outlook

The Restricted Stock Units (RSUs) granted to Director Gary D. Cohn are scheduled to vest in installments, contingent on his continued service, indicating future share issuances upon vesting.

Industry Context

This Form 4 filing details an individual insider transaction, specifically the grant of restricted stock units to a director, which is a common practice in the financial services industry to align executive and director incentives with shareholder interests. It does not provide broader industry trend analysis.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as part of executive and director compensation is a standard practice across the financial services industry and publicly traded companies.
• This method, often seen in firms like Blackstone, KKR, and Carlyle Group, aims to align the interests of key personnel with long-term shareholder value by tying compensation to the company's stock performance and requiring continued service for vesting.
• The specific number of units granted would typically be benchmarked against peer compensation packages, though this document does not provide such comparative data.

Stakeholder Impact

• Shareholders: Interests are aligned with the director through equity ownership, potentially leading to better long-term performance.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Vesting of RSUs in installments according to the award agreement, contingent on continued service.

Key Dates

Recommendation

Keywords

Apollo Global Management, APO, Gary Cohn, Restricted Stock Units, RSU, Director, Equity Incentive Plan, SEC Form 4, Insider Transaction, 10b5-1 plan