Apollo Global (NYSE: APO) CEO records tax-withholding share transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Apollo Global Management, Inc. executive Grant Kvalheim, CEO of Athene Holding Ltd., reported a tax-related share disposition. On this Form 4, 5,042 shares of Apollo common stock were withheld at $132.43 per share to cover his tax obligations arising from an equity award.
After this withholding, Kvalheim’s direct holdings total 2,171,518 shares of Apollo, which includes 471,812 vested and unvested restricted stock units that represent a contingent right to receive additional shares under the company’s equity plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kvalheim Grant
Role
CEO of Athene Holding Ltd.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,042 | $132.43 | $668K |
Holdings After Transaction:
Common Stock — 2,171,518 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 pursuant to an equity plan administered by Apollo Global Management, Inc. Reported amount includes 471,812 vested and unvested restricted stock units ("RSUs"). RSUs represent the contingent right to receive shares of Apollo Global Management, Inc. pursuant to an equity plan administered by Apollo Global Management, Inc.
FAQ
What insider transaction did Grant Kvalheim report at Apollo Global (APO)?
Grant Kvalheim reported a tax-withholding disposition of 5,042 Apollo common shares. The shares were withheld by Apollo to satisfy his tax obligations tied to an equity award, rather than sold in an open-market transaction, according to the Form 4 disclosure and related footnote.
Was Grant Kvalheim’s Apollo (APO) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Apollo withheld 5,042 shares to cover Kvalheim’s tax liabilities from an equity award, as indicated by the transaction code F and the accompanying explanatory footnote language.
What do Grant Kvalheim’s restricted stock units in Apollo (APO) represent?
His reported holdings include 471,812 restricted stock units, or RSUs. These RSUs are a contingent right to receive Apollo shares in the future under the company’s equity plan, subject to applicable vesting and plan terms described in the compensation arrangement.