Gary D. Cohn receives 1,986 RSU grant in Apollo Global (NYSE: APO) stock
Rhea-AI Filing Summary
COHN GARY D reported acquisition or exercise transactions in this Form 4 filing.
Apollo Global Management director Gary D. Cohn received an equity grant in the form of restricted stock units (RSUs). The Form 4 reports an award of 1,986 RSUs of Apollo Global Management, Inc. common stock, granted at no cash cost to him as compensation.
The RSUs were granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan. Each RSU represents the right to receive one share of common stock as it vests, so long as he continues serving on the Board through the applicable vesting dates.
Following this grant, the reported holdings total 7,139 vested and unvested RSUs under the plan. According to the deferral election described, the underlying shares of common stock will be issued only when he terminates service as a member of the Board of Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,986 | $0.00 | -- |
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 7,139 vested and unvested RSUs granted under the Plan.