Form 4: Apollo Global Management Director James Zelter Reports Share Withholding for Tax Obligations

James Zelter, a Director and President at Apollo Global Management, reported the withholding of 3,319 common stock shares to cover tax obligations related to the company's equity incentive plan.

Summary

• On February 28, 2025, James Zelter, a Director and President of Apollo Global Management, Inc., had 3,319 shares of common stock withheld by the issuer to satisfy tax obligations.
• This withholding was related to the delivery of shares granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan.
• Following the transaction, Zelter directly owns 5,054,845 shares of common stock, which includes 4,879,430 vested and unvested restricted stock units (RSUs).
• Zelter also indirectly owns 999,940 shares through Zelter APO Series LLC, 161,232 shares through The James C. Zelter 2023 GRAT No. 1, and 621,165 shares through The James C. Zelter 2024 GRAT No.1.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company. The sentiment is neutral to slightly positive as it confirms the ongoing use of equity incentives.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) trade in the company's stock. This filing indicates a routine transaction related to tax obligations arising from equity compensation.

Comparison to Industry Standards

• Equity compensation and related tax withholding are standard practices across publicly traded companies.
• Companies like Blackstone, KKR, and The Carlyle Group also utilize equity incentive plans for their employees and executives, and similar Form 4 filings would be expected when shares are withheld for tax purposes.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes related to executive compensation.
• Employees participating in the equity incentive plan are indirectly affected, as this demonstrates the ongoing administration of the plan.

Key Dates