Director Carmencita Whonder gets 9,587 ARI shares under 2024 equity plan

Rhea-AI Filing Summary

Whonder Carmencita N.M. reported acquisition or exercise transactions in this Form 4 filing.

Apollo Commercial Real Estate Finance, Inc. director Carmencita N.M. Whonder received a grant of 9,587 shares of Common Stock on April 1, 2026 at a price of $0.0000 per share.

The shares were granted under the company’s 2024 Equity Incentive Plan, bringing her direct holdings to 29,373 shares.

Insider Trade Summary

Net Buyer: 9,587 shares

Net Buy 1 txn

Insider Whonder Carmencita N.M.

Role Director

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

Holdings After Transaction: Common Stock — 29,373 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 Price per granted share: $0.0000 per share Total shares after transaction: 29,373 shares

3 metrics

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

Price per granted share $0.0000 per share Grant under 2024 Equity Incentive Plan

Total shares after transaction 29,373 shares Director’s direct holdings following grant

Key Terms

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

3 terms

Common Stock financial

"received a grant of 9,587 shares of Common Stock on"

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.

2024 Equity Incentive Plan financial

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

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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

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Form 4 Insider Transactions: What Each Field Means →

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

FAQ

What insider transaction did ARI director Carmencita Whonder report?

Carmencita N.M. Whonder reported receiving 9,587 ARI Common Stock shares as a grant. The award was made at $0.0000 per share and came from Apollo Commercial Real Estate Finance’s 2024 Equity Incentive Plan as part of her director compensation.

When did the ARI equity grant to director Carmencita Whonder occur?

The equity grant to Carmencita N.M. Whonder occurred on April 1, 2026. On that date, she was awarded 9,587 shares of Apollo Commercial Real Estate Finance Common Stock under the company’s 2024 Equity Incentive Plan at no purchase cost.

How many ARI shares does director Carmencita Whonder hold after this grant?

After the April 1, 2026 grant, Carmencita N.M. Whonder directly holds 29,373 ARI Common Stock shares. This total includes the newly granted 9,587 shares she received under Apollo Commercial Real Estate Finance’s 2024 Equity Incentive Plan.

What was the price per share for Carmencita Whonder’s ARI stock grant?

The grant to Carmencita N.M. Whonder was priced at $0.0000 per share. This indicates a compensation-related award rather than a market purchase, consistent with grants made under Apollo Commercial Real Estate Finance’s 2024 Equity Incentive Plan.

Under which plan did Apollo Commercial Real Estate Finance grant these shares?

The 9,587-share award to Carmencita N.M. Whonder was granted under Apollo Commercial Real Estate Finance’s 2024 Equity Incentive Plan. This plan provides stock-based compensation, and the filing notes the issuer granted the shares pursuant to this program.

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^*

Whonder Carmencita N.M.

(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	29,373	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)