Form 4: Apollo Global Management Executive James Belardi Reports Share Transactions

James Belardi, a director and officer at Apollo Global Management, reported several transactions involving the company's stock, including gifts and indirect holdings.

Summary

• James Belardi, a director and officer at Apollo Global Management, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On December 11, 2024, Belardi gifted 1,500 shares of common stock directly and 500 shares each to his son and daughter, all at a price of $0.
• On December 12, 2024, Belardi gifted 28,200 shares of common stock directly at a price of $0.
• The filing also details indirect holdings through various entities, including JB Athene Investments III, LLC, the James and Leslie Belardi Family Trust, JB Athene Investments, LLC, JB Athene Investments II, LLC, and JB Athene Investments IV, LLC.
• A distribution of a 22.90% membership interest in JB Athene Investments II, LLC occurred from the Belardi 2021 GRAT to the Belardi 2019 GST Non-Exempt Descendants Trust, but this did not change the total number of shares held by JB Athene Investments II, LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing is typical for executives at publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a common practice for executives at publicly traded companies like Apollo Global Management, similar to filings made by executives at companies such as Blackstone, KKR, and The Carlyle Group.
• The reporting of gifts and indirect holdings through trusts and LLCs is also a standard practice among executives at these firms.
• The level of detail provided in this Form 4 is consistent with regulatory requirements and industry norms.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely to be minimal.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Apollo Global Management, James Belardi, Form 4, Beneficial Ownership, Stock Transactions, Gifts, Indirect Holdings, RSUs, Derivatives