Apollo Co-President has shares withheld for taxes
Apollo Global Management, Inc. Co-President John P. Zito reported a tax-related share disposition.
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Rhea-AI Filing Summary
Apollo Global Management, Inc. Co-President John P. Zito reported a tax-related share disposition. On the reported date, 11,866 shares of common stock were withheld by Apollo to cover his tax obligations tied to equity awards, at an indicated price of $125.15 per share.
These shares relate to grants under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan and were not an open-market sale. After this withholding, Zito’s reported direct holdings total 3,112,340 common shares, including 2,973,496 vested and unvested restricted stock units that convert into shares as they vest over time.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 11,866 | $125.15 | $1.49M |
Footnotes (2)
- F1. Consists of shares withheld by the Issuer to satisfy the tax withholding obligations of the reporting person arising in connection with the delivery of shares that were granted under the Apollo Global Management, Inc. 2019 Omnibus Equity Incentive Plan (the "Plan").
- F2. Reported amount includes 2,973,496 vested and unvested restricted stock units ("RSUs") granted under 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.
FAQ
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What did Apollo Global Management (APO) Co-President John P. Zito report in this Form 4?
Was John P. Zito’s Apollo (APO) Form 4 transaction an open-market sale?
What are John P. Zito’s Apollo (APO) holdings after this Form 4 transaction?
What role do restricted stock units (RSUs) play in John P. Zito’s Apollo (APO) equity?
AI-generated analysis. How Rhea-AI works. Not financial advice.