Director Brian Leach receives 1,589 RSUs at Apollo Global (APO)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Leach Brian reported acquisition or exercise transactions in this Form 4 filing.
Apollo Global Management, Inc. director Brian Leach received a grant of 1,589 restricted stock units (RSUs) of common stock under the company’s 2019 Omnibus Equity Incentive Plan. The RSUs are granted at no cash cost and each represents the right to receive one share upon vesting.
The RSUs vest in installments as long as he continues serving on the Board, and, under a deferral election, the related shares will be delivered after his board service ends. Following this award, he directly holds 43,505 shares of common stock, which includes 5,002 vested and unvested RSUs granted under the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Leach Brian
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,589 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,505 shares (Direct, null)
Footnotes (1)
- Represents 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. Pursuant to a deferral election, the associated shares of common stock will be issued upon the reporting person's termination of service as a member of the Board of Directors of the Issuer. Reported amount includes 5,002 vested and unvested RSUs granted under the Plan.
Key Figures
RSUs granted: 1,589 RSUs
Total shares after transaction: 43,505 shares
Included RSUs: 5,002 RSUs
+1 more
4 metrics
RSUs granted
1,589 RSUs
Grant of restricted stock units on common stock
Total shares after transaction
43,505 shares
Direct holdings of common stock following RSU grant
Included RSUs
5,002 RSUs
Vested and unvested RSUs included in reported holdings
Price per RSU
$0.0000 per share
No cash paid for RSU grant; equity compensation
Key Terms
restricted stock units ("RSUs"), 2019 Omnibus Equity Incentive Plan, deferral election, vesting
4 terms
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
2019 Omnibus Equity Incentive Plan financial
"granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan (the "Plan")"
deferral election financial
"Pursuant to a deferral election, the associated shares of common stock will be issued upon the reporting person's termination of service"
vesting financial
"The RSUs vest in installments in accordance with the terms of the applicable RSU award agreement"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What did Apollo Global (APO) director Brian Leach report in this Form 4?
Brian Leach reported receiving a grant of 1,589 restricted stock units of Apollo Global common stock. These RSUs were awarded under the 2019 Omnibus Equity Incentive Plan as equity-based compensation for his service on the Board of Directors.
What are the key terms of Brian Leach’s RSU grant at Apollo Global (APO)?
The grant consists of 1,589 restricted stock units, each equal to one share of common stock upon vesting. The RSUs vest in installments under the award agreement, contingent on Brian Leach continuing his service on Apollo Global’s Board of Directors.
What plan governs Brian Leach’s RSU award from Apollo Global (APO)?
The RSU award is granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan. This plan provides for equity-based awards, such as restricted stock units, to directors and other eligible participants as part of their compensation.