Apollo Commercial RE Finance director granted 9,587 shares

Carlton Pamela G reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/03/2026 - 04:33 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Carlton Pamela G reported acquisition or exercise transactions in this Form 4 filing.

Apollo Commercial Real Estate Finance, Inc. director Pamela G. Carlton received a grant of common stock as part of her compensation. She was awarded 9,587 shares of common stock on April 1, 2026 at a stated price of $0.00 per share, reflecting a non-cash equity award.

Following this grant, her direct holdings increased to 49,274 common shares. The grant was made under the company’s 2024 Equity Incentive Plan, indicating it is a routine, plan-based stock award rather than an open‑market purchase or sale.

Insider Trade Summary

Grant/Award: 9,587 shares

Grant/Award 1 txn

Insider Carlton Pamela G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,587	$0.00	$0.00

Holdings After Transaction: Common Stock — 49,274 shares (Direct)

Footnotes (1)

1. F1. The Issuer granted these shares to the Reporting Person pursuant to the Issuer's 2024 Equity Incentive Plan.

Key Figures

Shares granted: 9,587 shares Grant price per share: $0.00 per share Shares owned after transaction: 49,274 shares +1 more

4 metrics

Shares granted 9,587 shares Common Stock grant on April 1, 2026

Grant price per share $0.00 per share Equity award, non-cash compensation

Shares owned after transaction 49,274 shares Total direct holdings following grant

Transaction type Grant, award, or other acquisition (Code A) Non-derivative common stock

Key Terms

Grant, award, or other acquisition, 2024 Equity Incentive Plan, Common Stock, Form 4

4 terms

Grant, award, or other acquisition financial

"Transaction code description is "Grant, award, or other acquisition""

2024 Equity Incentive Plan financial

"granted these shares to the Reporting Person pursuant to the Issuer's 2024 Equity Incentive Plan"

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Apollo Commercial Real Estate Finance (ARI) disclose in this Form 4?

Apollo Commercial Real Estate Finance reported that director Pamela G. Carlton received a grant of 9,587 common shares. The shares were issued as a non-cash equity award under the company’s 2024 Equity Incentive Plan, increasing her total direct holdings.

How many Apollo Commercial Real Estate Finance (ARI) shares did Pamela G. Carlton receive?

Pamela G. Carlton received 9,587 shares of Apollo Commercial Real Estate Finance common stock. These shares were granted at a stated price of $0.00 per share as part of an equity incentive award, not purchased in the open market.

What are Pamela G. Carlton’s total ARI holdings after this equity grant?

After the grant, Pamela G. Carlton directly holds 49,274 shares of Apollo Commercial Real Estate Finance common stock. This total reflects the newly awarded 9,587 shares added to her prior position, as reported in the insider transaction filing.

Was the ARI stock grant to Pamela G. Carlton an open-market transaction?

No, the transaction was a grant/award acquisition, not an open-market trade. The 9,587 common shares were issued at $0.00 per share under Apollo Commercial Real Estate Finance’s 2024 Equity Incentive Plan as director compensation.

Under which plan were the new ARI shares granted to Pamela G. Carlton?

The 9,587-share award to Pamela G. Carlton was granted under Apollo Commercial Real Estate Finance’s 2024 Equity Incentive Plan. This indicates the issuance is part of the company’s regular equity compensation program for eligible participants, including directors.

Does this Form 4 show any ARI share sales by Pamela G. Carlton?

The filing only reports a grant/award acquisition of 9,587 common shares and no sales. After this equity award, Pamela G. Carlton’s direct holdings increased to 49,274 shares of Apollo Commercial Real Estate Finance common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Carlton Pamela G

(Last) (First) (Middle)

C/O APOLLO GLOBAL MANAGEMENT, INC.

9 WEST 57TH STREET, 42ND FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Apollo Commercial Real Estate Finance, Inc. [ ARI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A		9,587(1)	A	$0	49,274	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Issuer granted these shares to the Reporting Person pursuant to the Issuer's 2024 Equity Incentive Plan.

	/s/ Jessica L. Lomm, as Attorney-in-Fact	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)