Form 4: Apollo President Zelter Sells Shares for Tax Obligations

Apollo Global Management President James C. Zelter disposed of 319 shares of common stock to cover tax withholding obligations related to equity awards.

Summary

• James C. Zelter, President and Director of Apollo Global Management, Inc., disposed of 319 shares of common stock.
• The shares were sold at a price of $125.15 per share on February 18, 2026.
• This transaction was conducted to satisfy tax withholding obligations arising from the delivery of shares granted under the company's 2019 Omnibus Equity Incentive Plan.
• Following this transaction, Zelter directly beneficially owns 5,017,139 shares, which includes 4,873,964 vested and unvested restricted stock units (RSUs).
• Zelter also indirectly beneficially owns 372,473 shares through The James C. Zelter 2024 GRAT No. 1, 453,308 shares through The James C. Zelter 2025 GRAT No. 1, and 999,940 shares through Zelter APO Series LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction for tax purposes related to executive compensation, with no direct positive or negative implications for the company's operational performance or strategic direction.

Positives

• The transaction indicates the vesting of previously granted equity awards, suggesting continued alignment of management interests with shareholders.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that tax-related dispositions of shares are a common and routine occurrence for executives receiving equity compensation, reflecting the standard process of covering tax liabilities upon the vesting or exercise of awards. This transaction is typical for a large asset manager like Apollo Global Management, where executive compensation often includes significant equity components.

Related Party Transactions

• James C. Zelter indirectly holds shares through The James C. Zelter 2024 GRAT No. 1, The James C. Zelter 2025 GRAT No. 1, and Zelter APO Series LLC, vehicles over which he exercises voting and investment control.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine administrative transaction for tax purposes.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related disposition of shares by a key executive. Such transactions are administrative in nature and do not reflect a change in the executive's investment conviction or the company's fundamental performance. Therefore, it provides no new information to warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.

Keywords

Apollo Global Management, APO, James C. Zelter, Form 4, Insider Transaction, Tax Withholding, Equity Incentive Plan, Restricted Stock Units, Corporate Governance