Apollo (APO) Co-President Zito reports 11,866-share tax withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zito John P.
Role
Co-President (see Remarks)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,866 | $125.15 | $1.49M |
Holdings After Transaction:
Common Stock — 3,112,340 shares (Direct)
Footnotes (1)
- 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"). 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
What did Apollo Global Management (APO) Co-President John P. Zito report in this Form 4?
John P. Zito reported a tax-withholding disposition of 11,866 Apollo common shares. The issuer withheld these shares at $125.15 each to satisfy tax obligations arising from equity awards granted under the 2019 Omnibus Equity Incentive Plan.
Was John P. Zito’s Apollo (APO) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Apollo to cover Zito’s tax liabilities from stock delivered under the 2019 Omnibus Equity Incentive Plan.
What are John P. Zito’s Apollo (APO) holdings after this Form 4 transaction?
After the reported tax withholding, Zito directly holds 3,112,340 Apollo common shares. This amount includes 2,973,496 vested and unvested restricted stock units that each represent the right to receive one share of common stock upon vesting.
What role do restricted stock units (RSUs) play in John P. Zito’s Apollo (APO) equity?
The filing states Zito’s reported holdings include 2,973,496 RSUs granted under Apollo’s 2019 Plan. Each RSU converts into one common share as it vests, provided he remains in service through the specified vesting dates in the award agreements.