Apollo Global Management Inc. (New) (APO) executive Kelly gave up 25,007 shares at $86.14 to cover taxes or an exercise price
Insider transactions reported
Martin Kelly (executive at Apollo Global Management Inc. (New), APO) reported that they gave up 25,007 shares at $86.14 to cover taxes or an exercise price, and gifted 1,375 shares between Aug 29, 2023 and Aug 31, 2023. After these transactions the filing shows 392,961 shares held directly.
- Reporting person
- Kelly Martin
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Aug 29, 2023 | Gift (G) | Common Stock1, 2 | -1,375 | - | - | 417,968 direct |
| Aug 31, 2023 | Shares withheld for taxes or exercise price (F) | Common Stock3, 4 | -25,007 | $86.14 | $2.15M | 392,961 direct |
Holdings before and after
- Common Stock: 419,343 to 392,961 direct
Footnotes from the filing
- 1. These shares are subject to a lock-up agreement (the Lock-Up Agreement ) delivered pursuant to the underwriting agreement dated August 8, 2023, between the Issuer and certain underwriters. The donees have agreed to receive and hold these shares subject to the provisions of the Lock-Up Agreement.
- 2. Reported amount includes 278,111 vested and unvested restricted stock units ( RSUs ) granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan (the Plan ). Each RSU represents the contingent right to receive, in accordance with the issuance schedule set forth in the applicable RSU award agreement, one share of common stock of the Issuer for each vested RSU. The RSUs vest in installments in accordance with the terms of the applicable RSU award agreement, provided the reporting person remains in service through the applicable vesting date.
- 3. Consists of shares (a) sold to provide funds to satisfy tax obligations of the reporting person and (b) withheld by the Issuer to satisfy the tax withholding obligations of the reporting person, in each case arising in connection with the delivery of shares that were granted under the Plan.
- 4. Reported amount includes 232,891 vested and unvested RSUs granted under the Plan.
Transaction codes in this filing
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
- Gift:
- Code G marks a bona fide gift. No money changes hands.
FAQ
What did Kelly report in this APO Form 4?
Martin Kelly (executive at Apollo Global Management Inc. (New), APO) reported that they gave up 25,007 shares at $86.14 to cover taxes or an exercise price, and gifted 1,375 shares between Aug 29, 2023 and Aug 31, 2023. After these transactions the filing shows 392,961 shares held directly.
How many APO shares does Kelly hold after this filing?
The filing shows 392,961 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code F mean on an SEC Form 4?
Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
Historical context for APO
Earlier insider filings at APO
- Aug 18, 2023SEC Form 4: Suydam John J was granted 1,686 shares, increasing direct ownership by 0.20% to 300,350 units
- Aug 18, 2023SEC Form 4: Kleinman Scott was granted 11,835 shares
- Aug 15, 2023SEC Form 4: Kleinman Scott covered exercise/tax liability with 38 shares, decreasing direct ownership by 0.00% to 4,868,358 units
- Aug 14, 2023SEC Form 4: Zelter James C covered exercise/tax liability with 5,186 shares, decreasing direct ownership by 0.08% to 6,160,206 units
- Aug 14, 2023SEC Form 4: Suydam John J was granted 14,020 shares and covered exercise/tax liability with 7,158 shares, increasing direct ownership by 2% to 299,749 units
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