Form 4: Apollo Global Management Director James Belardi Reports Changes in Beneficial Ownership

James Belardi, a director at Apollo Global Management, filed a Form 4 detailing the transfer of restricted stock units to a family trust and adjustments to his beneficial ownership.

Summary

• On February 5, 2025, James Belardi, a director and officer (CEO of Athene Holding Ltd.) at Apollo Global Management, Inc., reported changes in his beneficial ownership of the company's common stock.
• He transferred 21,082 restricted stock units (RSUs) to the James and Leslie Belardi Family Trust.
• The reported amounts have been adjusted to reflect this transfer, which was exempt from Section 16 under Rule 16a-13 of the Exchange Act.
• Belardi's indirect ownership includes shares held by various trusts and LLCs, as well as shares held by his son and daughter.
• The total indirect holdings include 293,565 shares held by the James and Leslie Belardi Family Trust, 155,981 shares held by the Belardi 2019 GST Non-Exempt Descendants Trust, 1,870,597 shares held by JB Athene Investments, LLC, 1,523,410 shares held by JB Athene Investments II, LLC, 524,489 shares held by JB Athene Investments III, LLC, 1,478,185 shares held by JB Athene Investments IV, LLC, and 500 shares each held by his son and daughter.
• The reported amount includes 86,755 RSUs, which represent the contingent right to receive shares of Apollo Global Management, Inc. pursuant to an equity plan.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates changes in Belardi's holdings but doesn't necessarily reflect a change in the company's overall financial health or strategic direction.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It has minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Apollo Global Management, James Belardi, beneficial ownership, Form 4, restricted stock units, RSUs, Athene Holding, insider trading