Form 4: Apollo Global Management's Chief Legal Officer Reports Share Transactions
SEC Filing
Whitney Chatterjee, Chief Legal Officer of Apollo Global Management, reports the withholding of shares to cover tax obligations and holdings of restricted stock units.
Summary
- Whitney Chatterjee, the Chief Legal Officer of Apollo Global Management, filed a Form 4 detailing changes in beneficial ownership.
- On February 12, 2025, 29,548 shares of common stock were withheld by Apollo Global Management to satisfy tax obligations related to the vesting of shares granted under the 2019 Omnibus Equity Incentive Plan.
- Following the transaction, Chatterjee directly owns 87,692 shares of Apollo Global Management, which includes 54,997 vested and unvested restricted stock units (RSUs).
- Each RSU represents the right to receive one share of common stock, vesting in installments based on continued service.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of equity compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of transaction: Shares withheld for tax obligations. |
| 02/14/2025 | Date of signature on the Form 4 filing. |
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