Form 4: Apollo Global Management Director Michael Ducey Reports Changes in Beneficial Ownership

Michael Ducey, a director at Apollo Global Management, reported the acquisition of restricted stock units and adjustments to his beneficial ownership of common stock.

Summary

• On July 1, 2024, Michael Ducey, a director of Apollo Global Management, reported changes in his beneficial ownership of the company's common stock.
• He acquired 1,699 restricted stock units (RSUs) under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan at a price of $0.
• These RSUs represent the contingent right to receive one share of common stock for each vested RSU, vesting in installments as per the award agreement, contingent on continued service.
• Following the reported transactions, Ducey directly owns 67,711 shares of common stock, including 4,143 RSUs.
• He also has indirect ownership through several irrevocable trusts for the benefit of his grandchildren and a revocable trust for the benefit of his spouse, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• The report was filed on July 3, 2024, by Jessica L. Lomm, as Attorney-in-Fact.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. The acquisition of RSUs is a positive sign of alignment between management and shareholders.

Positives

• The acquisition of RSUs indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The vesting of the RSUs is contingent on the reporting person's continued service, aligning their interests with the long-term performance of the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the ownership stake of a key company director.

Key Dates