Apollo Insider Files: Kleinman Adds Restricted Shares, Reports 4.65M RSUs
Rhea-AI Filing Summary
Scott Kleinman, Co-President of Apollo Asset Management and a director of Apollo Global Management, reported an insider acquisition on 08/14/2025. The Form 4 shows the acquisition of 9,279 restricted shares of Apollo common stock at a price of $142.60 per share; these restricted shares vest in installments per the award agreement and require continued service to vest. The filing also discloses substantial beneficial holdings across multiple vehicles and trusts, including 4,651,303 vested and unvested RSUs granted under the company’s 2019 Omnibus Equity Incentive Plan and various direct and indirect holdings held through family and investment entities.
Positive
- Insider acquisition disclosed: Purchase of 9,279 restricted shares at $142.60 demonstrates continued equity ownership by a senior executive.
- Large RSU holdings: Reporting includes 4,651,303 vested and unvested RSUs under the 2019 Omnibus Equity Incentive Plan, indicating significant deferred equity alignment with shareholders.
- Transparent entity attribution: Holdings are clearly allocated across specific investment vehicles and trusts, with voting and investment control noted where applicable.
Negative
- None.
Insights
TL;DR: Insider purchased a modest block of restricted shares; filing confirms large RSU-based ownership across entities.
The reported purchase of 9,279 restricted shares at $142.60 is a straightforward Section 16 disclosure and does not itself change control or materially alter ownership stakes. The filing’s disclosure that 4,651,303 RSUs are held (vested and unvested) under the 2019 Omnibus Equity Incentive Plan is meaningful for understanding long-term equity exposure and potential future share issuance if RSUs vest and are settled in stock. Holdings are distributed across multiple direct and indirect vehicles, consistent with estate planning and investment structures.
TL;DR: Disclosure is routine and aligns with typical executive compensation and estate planning arrangements.
The Form 4 includes customary disclaimers of beneficial ownership for certain entities and clarifies voting and investment control where applicable. The acquired shares are restricted and subject to vesting, which is standard for equity compensation designed to retain executives. The filing provides clear attribution of holdings among related entities and trusts, supporting transparency required by Section 16 reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,279 | $142.60 | $1.32M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents restricted shares of common stock of the Issuer issued under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan for Estate Planning Vehicles. The restricted shares vest in installments in accordance with the terms of the applicable award agreement, provided the reporting person remains in service through the applicable vesting date. Held by Heathcote Capital Partners LP, a vehicle directly and indirectly owned by the reporting person, his spouse and certain family trusts and over which the reporting person exercises voting and investment control. Reported amount includes 4,651,303 vested and unvested restricted stock units ("RSUs") granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive 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. Held by KRT Investments LLC. The reporting person disclaims beneficial ownership of the securities indirectly or directly held by KRT Investments LLC reported herein and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Held by KRT Investments VII LLC, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control. Held by KRT Investments IX LLC ("Investments IX"). Investments IX is owned by the reporting person and a trust for the benefit of the reporting person's descendants and for which the reporting person's father acts as trustee. The reporting person disclaims beneficial ownership of the securities held by Investments IX, except to the extent of his direct or indirect pecuniary interest. Held by KRT Delaware LLC. The reporting person disclaims beneficial ownership of the securities indirectly or directly held by KRT Delaware LLC reported herein and this report shall not be deemed to be an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Held by HCM APO Series LLC, Series A, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control. Held by HCM APO Series LLC, Series B, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control. Held by HCM APO Series LLC, Series C, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control. Held by The Kleinman Children's Trust, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control. Held by The Kleinman Descendant's GST-Exempt Trust, a vehicle directly and indirectly wholly owned by the reporting person over which the reporting person exercises voting and investment control.
