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

James Belardi, CEO of Athene Holding Ltd. and a director at Apollo Global Management, reported a gift of 5,691 common stock shares and details of his indirect holdings.

Summary

• James Belardi, a director and CEO of Athene Holding Ltd., reported a transaction involving Apollo Global Management common stock.
• On November 29, 2024, Mr. Belardi gifted 5,691 shares of common stock.
• The transaction was a gift, with a price of $0 per share.
• Following the transaction, Mr. Belardi's direct holdings are 0, but he has indirect holdings of 5,732,655 shares through various entities.
• These indirect holdings include shares held by JB Athene Investments III, LLC (552,689), James and Leslie Belardi Family Trust (272,483), Belardi 2019 GST Non-Exempt Descendants Trust (157,481), JB Athene Investments, LLC (1,870,597), JB Athene Investments II, LLC (1,523,410), and JB Athene Investments IV, LLC (1,478,185).
• The reported amount includes 153,690 restricted stock units (RSUs), which represent the contingent right to receive shares of Apollo Global Management, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and there is no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of share transactions by a company insider, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders in the US.
• The level of detail provided in this filing is consistent with SEC requirements for such disclosures.
• The indirect holdings through various investment vehicles are not uncommon for high-level executives in financial firms.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a gift of a relatively small number of shares compared to the total outstanding shares.

Key Dates

Keywords

Apollo Global Management, James Belardi, Athene Holding Ltd, share transaction, beneficial ownership, Form 4, restricted stock units, RSUs, indirect holdings