Scott Kleinman (NYSE: APO) receives 3,170 restricted shares via estate planning vehicle
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scott Kleinman, Co-President of Apollo Global Management, Inc., reported receiving an indirect grant of 3,170 shares of common stock valued at $130.93 per share. These are restricted shares issued under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan for estate planning vehicles and will vest in installments if he remains in service through each vesting date.
The shares are held by Heathcote Capital Partners LP, a vehicle owned by Kleinman, his spouse and certain family trusts over which he exercises voting and investment control. After this grant, Heathcote Capital Partners LP held 81,049 shares indirectly attributable to him. Kleinman also had 4,676,291 directly held shares, including 4,651,303 restricted stock units granted under the same 2019 plan, which each convert into one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
KLEINMAN SCOTT
Role
Co-President (See Remarks)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,170 | $130.93 | $415K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 81,049 shares (Indirect, Heathcote Capital Partners LP);
Common Stock — 4,676,291 shares (Direct, null)
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, a vehicle that is owned by a family trust and over which the reporting person exercises voting and investment control. Held by KRT Investments VII LLC, a vehicle that is owned by the reporting person and indirectly by a family trust and over which the reporting person exercises voting and investment control. Held by KRT Investments IX LLC, a vehicle that is owned by the reporting person and indirectly by a family trust and over which the reporting person exercises voting and investment control. 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 KFGT LLC, a vehicle that is owned by a family trust and over which the reporting person exercises voting and investment control. Held by KDGT LLC, a vehicle that is owned by a family trust and over which the reporting person exercises voting and investment control.
Key Figures
Restricted shares granted: 3,170 shares
Grant price: $130.93 per share
Indirect holdings via Heathcote: 81,049 shares
+2 more
5 metrics
Restricted shares granted
3,170 shares
Grant to Heathcote Capital Partners LP
Grant price
$130.93 per share
Price for 3,170 restricted shares
Indirect holdings via Heathcote
81,049 shares
Total common stock held after grant
Direct common stock holdings
4,676,291 shares
Directly held by Scott Kleinman
RSUs included in direct holdings
4,651,303 RSUs
Granted under 2019 Omnibus Equity Incentive Plan
Key Terms
restricted shares, 2019 Omnibus Equity Incentive Plan, restricted stock units ("RSUs"), contingent right, +1 more
5 terms
2019 Omnibus Equity Incentive Plan financial
"issued under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan for Estate Planning Vehicles"
restricted stock units ("RSUs") financial
"includes 4,651,303 vested and unvested 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.
contingent right financial
"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"
Section 16 of the Securities Exchange Act of 1934 regulatory
"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"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
What insider transaction did Scott Kleinman report for Apollo Global Management (APO)?
Scott Kleinman reported an indirect grant of 3,170 restricted shares of Apollo Global Management common stock at $130.93 per share. The shares were issued under the 2019 Omnibus Equity Incentive Plan and are held by Heathcote Capital Partners LP for estate planning purposes.
What direct Apollo Global Management holdings does Scott Kleinman report on this Form 4?
Kleinman reports 4,676,291 directly held shares of Apollo Global Management common stock. This total includes 4,651,303 restricted stock units (RSUs) granted under the 2019 Omnibus Equity Incentive Plan, each representing the right to receive one share upon vesting.
What are the RSUs reported in Scott Kleinman’s Apollo (APO) Form 4 filing?
The Form 4 notes 4,651,303 restricted stock units (RSUs) granted to Kleinman under the 2019 Omnibus Equity Incentive Plan. Each RSU represents a contingent right to receive one Apollo Global Management common share, vesting in installments as long as he remains in service.